Luminita Enache

Biography

Luminita Enache is an Associate Professor (with tenure) and a Future Fund Fellow at the Haskayne School of Business, University of Calgary. She joined Haskayne in July 2018 as an Assistant Professor of Accounting. Her research lies at the intersection of accounting and finance, with a strong emphasis on empirical work grounded in economic theory. Broadly, her work examines firms’ information environments in capital markets, the role of intangible assets in shaping new-economy firms, corporate governance, and, more recently, questions at the intersection of accounting and health economics.

Prior to joining Haskayne, Professor Enache held academic appointments at the Tuck School of Business and the Master of Health Care Delivery Science Program at Dartmouth College. She has held visiting positions at the Massachusetts Institute of Technology, the University of Michigan, and Columbia Business School, and spent her 2024-2025 sabbatical year as a Visiting Scholar at the University of California, Berkeley and Boston University. During her sabbatical her research focused on healthcare markets, information frictions, and the role of accounting and disclosure in health systems, further strengthening the interdisciplinary dimension of her research agenda. She previously served as a Lecturer of Accounting at Victoria University of Wellington in New Zealand.

Professor Enache earned her PhD in Economics and Management (Accounting concentration) from the University of Padua (Italy), including a period as a Visiting PhD Scholar at the University of Michigan. Her doctoral dissertation received the European Institute for Advanced Studies in Management (EIASM) Best Junior Contribution Award for the Development of Intangibles and Intellectual Capital Theory and Practice. She also holds a B.A. in Finance and Banking and a B.S. in Nursing. Prior to academia, she worked as a Credit Analyst and Junior Relationship Manager at Raiffeisen Bank Romania.

Her research has been published in leading academic journals, including Management Science, Contemporary Accounting Research, Accounting Horizons, European Accounting Review, Harvard Business Review (15 publications), California Management Review (3 publications), Review of Quantitative Finance and Accounting (4 publications), Accounting and Finance, Australian Accounting Review, and Management and Business Review. She has multiple projects currently under review at top-tier accounting and finance journals.

Professor Enache has presented her research at numerous international seminars and conferences, including MIT, Harvard Business School, Dartmouth College, INSEAD, IE, University of California, Berkeley, London School of Economics, University of Michigan, Bocconi University, ESSEC Business School, Paris-Dauphine University, Warwick Business School, BI Norwegian School of Business, University of Bristol, University of Leeds, University of Padua, University of Calgary, Victoria University of Wellington, Saint Mary’s University, and major international conferences across North America, Europe, Australia, and New Zealand.

She is the recipient of several competitive awards and grants, including the 2021–present Future Fund Fellowship, the 2022 Dean’s Scholar Award, the 2022 Accounting and Finance Association of Australia and New Zealand (AFAANZ) Best Paper Award (Technology), the 2021 EIASM Intangibles Best Paper Award, the 2020 Dean’s Award for Innovative Research, the 2025 and 2020 AAA FARS Outstanding Discussion Award, the CPA Education Foundation Teaching Excellence Award, and multiple Social Sciences and Humanities Research Council of Canada (SSHRC) grants as Principal Investigator and Co-Investigator.

Professor Enache is an active member of the American Accounting Association, Canadian Accounting Association, European Accounting Association, and the Accounting and Finance Association of Australia and New Zealand, and regularly participates as a scientific committee member, as a presenter, discussant, and panelist at major international conferences. She has also been an invited participant at specialized research conferences and doctoral consortia, including the Conference on Financial Economics and Accounting (CFEA), the Contemporary Accounting Research Conference, the Kellogg Accounting Conference, the PCAOB/JAR Conference, and the Journal of International Accounting Research Doctoral Consortium.

Her teaching areas include financial accounting and financial statement analysis. She is a dedicated and innovative educator who emphasizes critical thinking and the development of lifelong learning skills. Her teaching experience includes undergraduate, graduate, and executive education, including co-teaching finance fundamentals for senior healthcare executives at Dartmouth College.

In addition to her academic work, Professor Enache is a Registered Professional Nurse in Italy and Romania and a Certified Public Accountant in Australia. She is fluent in Italian, French, German, English, and Romanian.

Selected Top Publications

Enache, L., Huang, Z., Moldovan, R., & Srivastava, A. (2025). The labor costs of changing accounting standards. Accounting Horizons, 39(1), 113–120.

• Nominated for the 2023 FARS Best Paper Award, American Accounting Association.
• Supported by the Social Sciences and Humanities Research Council of Canada (SSHRC).

Enache, L., Griffin, P., & Moldovan, R. (2025). Clarification or confusion? A textual analysis of ASC 842 lease transition disclosures. European Accounting Review, 34(1), 57–88.

• Featured on the FinReg Blog of the Duke Financial Economics Center (Duke Law School).
• Featured on EAA-ARC and SSRN.

• Supported by the Social Sciences and Humanities Research Council of Canada (SSHRC).

  Enache, L., & Srivastava, A. (2018). Should intangible investments be reported separately or commingled with operating expenses? Management Science, 64(7), 3446–3468.

  Enache, L., Li, L., & Riedl, E. (2022). Regulatory approval and biotechnology product disclosures. Contemporary Accounting Research, 39(3), 1689–1725.

• Best Paper Award, EIASM Interdisciplinary Workshop on Intangibles & Intellectual Capital (2019).
• Presented at the 2020 Contemporary Accounting Research Conference.

De La Bruslerie, H., & Enache, L. (2023). Why do surviving targets leverage so much after an acquisition? A governance explanation. Review of Quantitative Finance and Accounting, 61(2), 411–445.

Enache, L., Fogel-Yaari, H., & Li, H. (2022). Signaling long-term focus through textual emphasis on innovation: Are firms putting their money where their mouth is? Accounting & Finance, 62(3), 3791–3836.

Aobdia, D., Enache, L., & Srivastava, S. (2021). Changes in Big N auditors’ client selection and retention strategies over time. Review of Quantitative Finance and Accounting, 56(2), 715–754.

Enache, L., Parbonetti, A., & Srivastava, A. (2020). Are all independent directors created equal with respect to firm disclosure policy? Review of Quantitative Finance and Accounting, 55, 541–577.

Enache, L., & Hussainey, K. (2020). The substitutive relation between voluntary disclosure and corporate governance in their effect on firm performance. Review of Quantitative Finance and Accounting, 54, 413–445.

Enache, L., & Meca, E.-G. (2019). Board composition and accounting conservatism: The role of business experts, support specialists, and community influentials. Australian Accounting Review, 29(1), 252–265.

Enache, L., & Kim, J.-B. (2019). Managers’ pay duration and disclosure of firm proprietary information. Pacific Accounting Review, 32(1), 96–123.

BOOK CHAPTER

• Andronoudis, D., & Enache, L. (Forthcoming in 2026). Does Capitalization of Acquired In-Process R&D Convey Information in the Pricing Process? Chapter 4 In Handbook on Intangibles: Accounting, Reporting, and Valuation (Edward Elgar).

Top Academic-Practitioner Journals at the intersection of scholarship and practice

2025

Enache, L., Scarlat, E., Charalambous, A., Duboisée de Ricquebourg, A., & Shields, K. (2025). Gender diversity helps teams maintain integrity under pressure. Harvard Business Review.
— Currently used as a case study by Harvard Business Publishing Education.

Enache, L., Srivastava, A., Silva, F. B. G., Dantas, M. M., & Chatterjee, C. (2025). Financing the common good: The case for GLP-1 class of drugs. California Management Review.

2024

Enache, L., Bonini, S., Ferrari, M., Gaddis, D., Ross, D., & John, K. (2024). Should your firm have a long-tenured independent director?  Harvard Business Review.

Enache, L., Srivastava, A., Silva, F. B. G., & Dantas, M. M. (2024). 10 reasons why Canadians are still dissatisfied with the economy, despite the upswing. The Conversation (March).

2023

Enache, L., Govindarajan, V., Shah, A., & Srivastava, A. (2023). Hiding in plain sight, or sticking out like a sore thumb? The wealth of intangibles. California Management Review.

2022

Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. (2022). Restoring shareholder confidence when your stock is down. Harvard Business Review.

Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. (2022). How companies can prepare for a long run of high inflation. Harvard Business Review.

Enache, L., Govindarajan, V., Srivastava, A., & Ilyas, H. (2022). The growing imperative to build leadership in the fourth industrial revolution. California Management Review.

Enache, L., Govindarajan, V., Ilyas, H., Silva, F. B. G., & Srivastava, A. (2022). The rapid rise and fall of the biotech sector: Slowdown in innovation affects society. California Management Review.

Enache, L., Ilyas, H., Silva, F. B. G., & Srivastava, A. (2022). Reassessing the boundaries of government. California Management Review.

2021

Enache, L., Govindarajan, V., & Srivastava, A. (2021). What the edX acquisition means for the future of higher education. Harvard Business Review.

Enache, L., Govindarajan, V., & Srivastava, A. (2021). The U.S. economy is leaving midsize companies behind. Harvard Business Review.

2020

Enache, L., Govindarajan, V., & Srivastava, A. (2020). U.S. financial reporting is stuck in the 20th century. Harvard Business Review.

Enache, L., Govindarajan, V., Srivastava, A., & Warsame, H. (2020). Tech giants, taxes, and a looming global trade war. Harvard Business Review.

Enache, L., Govindarajan, V., Mishra, B. K., Sood, A., & Srivastava, A. (2020). A manager’s dilemma: Sow or harvest. Management and Business Review (Inaugural Issue).

Enache, L., Govindarajan, V., & Srivastava, A. (2020). Understanding India’s chilly reception of Jeff Bezos. Harvard Business Review.

Enache, L., Srivastava, A., & Warsame, H. (2020). Doubling down on double sandwich tax schemes. California Management Review.

2019

Enache, L., Govindarajan, V., & Srivastava, A. (2019). How India plans to protect consumer data. Harvard Business Review.

Enache, L., Govindarajan, V., & Srivastava, A. (2019). Midsize companies are growing but struggling to earn profits. Harvard Business Review.

Enache, L., Govindarajan, V., Lev, B., & Srivastava, A. (2019). The gap between large and small companies is growing. Why?  Harvard Business Review.

Enache, L., Govindarajan, V., Srivastava, A., & Warsame, H. (2019). The problem with France’s plan to tax digital companies. Harvard Business Review.

Enache, L., Govindarajan, V., & Srivastava, A. (2019). It’s time to stop treating R&D as a discretionary expenditure. Harvard Business Review.

2018

Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. (2018). Should dual-class shares be banned? Harvard Business Review.

Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. (2018). Should everyone be allowed to invest in private tech companies? Harvard Business Review.

Enache, L., Govindarajan, V., Rajgopal, S., & Srivastava, A. (2018). Why we shouldn’t worry about the declining number of public companies. Harvard Business Review.

WORKING PAPERS

Enache, L., Gallani, S., Guo, X., & Riedl, E. (2025). The effect of electronic medical records on hospital utilization costs.
Under review.
Recipient of the Best Paper Award, Accounting and Finance Association of Australia and New Zealand (AFAANZ), Technology Stream (2022).

Enache, L., Li, L., Riedl, E., & Song, S. (X.) (2025). Counterpoised disclosure: Evidence from the biotechnology industry.
Third-round Revise & Submit 
Recipient of the Best Paper Award, EIASM Intangibles Conference (France), 2021.

Pimentel, E., Enache, L., Fontin, M., Moldovan, R., & Huang, Z. (2025). Treading lightly: A model for audit firm expansion into new audit spaces.
Second-round Revise & Resubmit 
Presented at the 2025 CAAA and 2025 EAA Conferences.

Enache, L., Griffin, P., Moldovan, R., and Huang, Z., 2025. Do Mutual Fund Managers Care About Proposed Accounting Standard Changes? 

• Presented at 2025 FARS, 2024 EAA, 2024 CAAA

Enache, L., Moldovan, R., Impink, J., and Lyubimov, A. 2025.  Unveiling AI: Non-tech Firms’ AI Disclosure and Cost of Equity. 

• Under review
• Presented at 2025 CAAA

AWARDS, HONORS, and RESEARCH GRANTS

• Dean’s Research Scholar Award (2022).
• Future Fund Fellow, University of Calgary (2021–present).
• Best Paper Award (Technology Stream), Accounting and Finance Association of Australia and New Zealand (AFAANZ) (2022).
• Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Development Grant, $67,925 (Principal Investigator, 2022–2024).
• Social Sciences and Humanities Research Council of Canada (SSHRC) Grant, $70,081 (Principal Investigator, 2021–2023).
• Social Sciences and Humanities Research Council of Canada (SSHRC) Grant, $84,200 (Co-Investigator, 2019–2022).
• Social Sciences and Humanities Research Council of Canada (SSHRC) Grant, $30,800 (Principal Investigator, 2019–2021).
• Best Paper Award, European Institute for Advanced Studies in Management (EIASM) Intangibles Conference, France (2021).
• Dean’s Award for Innovative Research (2020).
• Outstanding Discussion Award, Financial Accounting and Reporting Section (FARS), American Accounting Association (2020).
• Best Reviewer Award, Financial Accounting and Reporting Section (FARS), American Accounting Association (2025 & 2020).
• Best Paper Award, EIASM Intangibles – European Intangible Conference, Portugal (2019).
• CPA Teaching Excellence Award, including a cash prize of $3,000 (2018–2019).
• Research Establishment Grant, Victoria University of Wellington, $10,000 (2013–2014).
• Research Grant, Accounting and Finance Association of Australia and New Zealand (AFAANZ), AUD $5,500 (2023-2024 and 2013–2014).
• Best Junior Contribution to the Development of Intangibles and Intellectual Capital Theory and Practice (Mention d’Honneur), EIASM, Grenoble, France (2012).
• Doctoral Scholarship, Italian Ministry of University and Research (MIUR), €48,960 (2009–2012).
• Scholarship for Visiting PhD Scholar, University of Padua (Italy), for research at the University of Michigan–Flint (2011).
• ERASMUS Scholarship, European Union, University of Perugia, Italy; Best ERASMUS Student of the Year (2007).
• Scholarship for Academic Excellence, Alexandru Ioan Cuza University, Romania (2008).
• Faculty of Economics and Business Studies Scholarship for Meritorious Performance, Alexandru Ioan Cuza University, Romania (2005–2007).
• Selected (3 out of 10,000 students nationally) for the Romanian National Finance Olympiad (2006).

PROFESSIONAL CITIZENSHIP 

Social Science and Humanities Grant (SSHRC) Chair Adjudication Committee 2025

Social Science and Humanities Grant (SSHRC) Panel Member of the Adjudication Committee  2024-2023; 2023-2022; 2022-2021

Bretton Woods Accounting and Finance Conference, Committee/Council Chair 2025, 2024, 2023 

Hawai’i Accounting Research Conference Track Chair Intangibles 2025, 2024, 2023

Financial Accounting and Reporting Section Midyear Meeting (FARS) conference reviewer 2025

Conference on Financial Economics and Accounting (CFEA) reviewer and discussant 2025

Accounting and Finance Association of Australia and New Zealand, Women Mentoring Early Career Researchers 2024-2023

American Accounting Association, Mentoring Tenure-Track Faculty, FARS 2024-2023

 Hawai’i Accounting Research Conference reviewer 2022-2021

Scientific Committee Member, Canadian Accounting Association Annual Meeting 2025, 2024, 2022, 2021

Scientific Committee Member, European Accounting Association Meeting 2023, 2021, 2020 &2018

Grant Reviewer, Social Science and Humanities Grant (SSHRC)  2019

Research Grants Council (RGC) of Hong Kong Ad Hoc Reviewer 2022, 2021,2019

Reviewer for annual meetings of American Accounting Association (AAA)  

HASKAYNE CITIZENSHIP 

Hiring Committee Member, Finance Faculty Search 2023-2024

PhD Recruiting 2023, 2022

Hiring Committee Member, Research Facilitator 2023

Conference Organizer, Haskayne and Fox Accounting Conference 2024-2022

In-person Seminar Organizer, Haskayne Accounting Seminars 2024

Hiring Committee Member BTMA 2020

Field-of-Study Examining Committee Member, BTMA 2020

Panelist, SSHRC Insight Grant,University of Calgary 2020

Member, University of Calgary Equity, Diversity, and Inclusion Strategy Taskforce 2020