Luminita Enache

Luminita Enache joined the Haskyane School of Business in July 2018 as an Assistant Professor of Accounting. Her research interests lies at the intersection of accounting and finance, with a focus on empirical research that is closely guided by economic theory. Luminita is broadly focused on firms' information environment in capital markets, on the role intangibles plays in shaping the new economy firms, corporate governance and more recently on the health economics.

 Prior to joining Haskyane School of Business, Professor Enache worked at Tuck School of Business and for the Master of Health Care Delivery Science Program at Dartmouth College. Luminita held visiting positions at the MIT, at the University of Michigan and at Columbia Business School in New York. Moreover, she has been a Lecturer of Accounting in New Zealand, at Victoria University of Wellington.

Professor Enache received her PhD in Economics and Management (with a concentration in Accounting) from the University of Padua (Italy) after spending part of her research period as a Visiting Ph.D. Scholar at the University of Michigan (U.S). Her dissertation won the European Institute for Advanced Studies (EIASM) Best Junior Contribution to the Development of Intangibles and Intellectual Capital Theory and Practice. Dr Enache also earned a B.A. in Finance and Banking and a B.S. in Nursing. Prior to joining academia, Luminita has worked as a Credit Analyst and as a Junior Relationship Manager for Raiffeisen Bank Romania.

Professor Enache research has been published in Management Science, Harvard Business Review (12 publications), California Management Review,  Review of Quantitative Finance and Accounting (3 publications), Australian Accounting Review etc and has coauthored several papers at different stages of review at top-tier finance and accounting journals.

 Professor Enache’s research has been presented at various seminars such as MIT (USA), Harvard Business School (USA), Dartmouth College (USA), London School of Economics (UK), University of Michigan (USA), UTS Accounting Conference (Australia), Temple University (USA), Bocconi University (Italy), ESSEC Business School (France), Paris-Dauphine University (France), Free University of Bozen-Bolzano (Italy), Massey University (New Zealand), University of Padua (Italy), University of Calgary (Canada), University Jaume I (Spain), University of Valencia (Spain), Victoria University of Wellington (New Zealand), University of Leeds (UK), Saint Mary's University (Canada). 

 Professor Enache the recipient of the 2020 Dean's Award for Innovative Research,  2020 AAA FARS Outstanding Discussion Award, 2019 Best Paper Award of the European Institute for Advanced Studies in Management (EIASM) Interdisciplinary Workshop on “Intangibles & Intellectual Capital”, of the 2018-2019 CPA EF Teaching Excellence Award, the 2019-2021 Social Sciences and Humanites Research Council (SSHRC) co-investigator grant, 2019-2021 Social Sciences and Humanities Research Council (SSHRC) Insight Development Grant, Principal Investigator, the 2013 Accounting and Finance Association of Australia and New Zealand Research Grant (AFAANZ) and Victoria University of Wellington (VUW) Research Establishment Grant.

 Professor Enache is an active member of the American Accounting Association, European Accounting Association and Australian and New Zealand Accounting and Finance Association, speaking regularly at the annual meetings.

 She has been a panelist at the 2019 JIAR conference (Journal of International Accounting Research), a keynote speaker at the 2013 Summer Ethics Conference (Venice, Italy), an invited participant at Conference on Financial Markets and Corporate Governance (New Zealand), at Kellogg Accounting Conference (Northwestern University), PCAOB/JAR Accounting Conference (USA), Dartmouth Accounting Conference (USA), and Indian School of Business (India), University of Alberta Accounting Research Conference (Canada), Conference on Financial Economics and Accounting (CFEA), 2018 and 2020 Contemporary Accounting Research Journal Conference, 2019 Tel-Aviv Accounting Conference.

 Professor Enache teaching areas include financial accounting and financial statement analysis. She is a proactive teacher who fosters critical thinking and facilitates the acquisition of life-long learning skills to help students function effectively in an information economy. Her enthusiasm to teach translates to their enthusiasm to learn. During her time at Dartmouth College, she has co-taught finance essentials aimed at senior executives in health care services. At Victoria University of Wellington in New Zealand she taught advanced financial accounting and financial statement analysis, both elective courses.

 In addition to her academia work, she is also a Registered Professional Nurse in Italy and Romania, and a Certified Public Accountant in Australia. Luminita speaks Italian, French, German, English and Romanian.

PUBLICATIONS

1.      “Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses?” with Anup Srivastava. Management Science 64 (7), July 2018, pp 2973-3468.

2.    “Why we shouldn’t worry about the declining number of public companies?” with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, August 2018

3.     “Should everyone be allowed to invest in private tech companies?” with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, October 2019

4.     “Should dual-classes shares be banned?” with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, December 2018.  

5.     “It's time to stop treating R&D as a discretionary expenditure” with V.G. Govindarajan, Shiva Rajgopal, and Anup Srivastava. Harvard Business Review, January 2019

6.    “The problem with France's plan to tax digital companies” with V.G. Govindarajan, Anup Srivastava, Hussein Warsame. Harvard Business Review, July 2019

7.    “The gap between large and small companies is growing. Why?” with V.G. Govindarajan, Baruch Lev and Anup Srivastava. Harvard Business Review, August 2019

8.    “Midsize companies are growing, but struggling to earn profits” with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, November 2019.

9.      “How India plans to protect consumer data” with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, December 2019.

10.   “The substitutive relation between voluntary disclosure and corporate governance in their effect on firm performance” with Khaled Hussainey. Review of Quantitative Finance and Accounting 54, February 2020, pp 413-445.

11.   “Are all independent directors created equal with respect to firm disclosure policy?” with Antonio Parbonetti and Anup Srivastava. Review of Quantitative Finance and Accounting, forth

·       Received the EIASM Best Junior Contribution to the Development of Intangibles and IC Theory and Practice - Mention d’Honneur

12.     “Board composition and accounting conservatism: The role of business experts, support specialists and community influentials” with Emma-Garcia Meca. Australian Accounting Review 29 (1), March 2019, pp 252-265.

13.    “Managers’ pay duration and disclosure of firm proprietary information” with Jae Bum Kim. Pacific Accounting Review, forthcoming.

14.    "Is the Auditing Industry Becoming a Tighter or Looser Oligopoly?", with Daniel Aobdia and Anup Srivastava, Review of Quantitative Finance and Accounting, forthcoming

15.   “Understanding India’s chilly reception of Jeff Bezos” with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, January 2020.

16.   “Doubling down on double sandwich tax schemes” with Hussein Warsame and Anup Srivastava. California Management Review, April 2020

17.    “Harvest now or invest further – the dilemma reexamined.” with Govindarajan, V., Sood, A., Srivastava, A., and B. K. Mishra. 2019, Management and Business Review, January 2021.

      18. "U.S. financial reporting is stuck in the 20th century", with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, December                     2020. 

     19. "The U.S. economy is leaving midsize companies behind. with V.G. Govindarajan, Anup Srivastava. Harvard Business Review, February                  2021.

Other publications

1.     “Resolution of Financial Distress: A comparative Analysis of U.S., U.K., And Japanese Firms” with Richard Ajayi and Seyed Mehdian. Review of Economics and Business Studies 2012, 5(2):147-163.

2.     “Corporate Governance. Product-Related Voluntary Disclosure and Analysts’ Forecasts Properties” with Antonio Parbonetti. Financial Accounting eJournal, July 2013 47(5). 

 WORKING PAPERS 

 1. The Disclosure of Good versus Bad News: Evidence from the Biotech Industry, with Eddie Riedl and Lynn Li. 

•   Selected for presentation at the 2020 Contemporary Accounting Research (CAR) conference 
• 2019 Best Paper Award at EIASM Intangible Conference, Portugal 

 2.  Textual Disclosure and Managerial Myopia: Signaling Innovation to Reduce the Pressure to Meet Short-Term Goals, with Hila Fogel-Yaari and Heather Li, Revise and Resubmit

 GRANTS, SCHOLARSHIP AND AWARDS

2020 Dean's Award for Innovative Research 

2020  FARS Midyear Meeting Outstanding Discussion Award, American Accounting Association

2019 Best Paper Award at the European Institute for Advanced Studies in Management (EIASM) Interdisciplinary Workshop on “Intangibles & Intellectual Capital”, Portugal

2019 Excellence in Reviewing Award from the AAA's Financial Accounting and Reporting Section (FARS)

2019-2021: Social Sciences and Humanities Research Council (SSHRC) Grant: Principal Investigator for the project: "Board Composition & Financial Analysts Earnings Forecast in the Biotech Sector" of $30,800

2018-2019: CPA EF Teaching Excellence Award 

2019-2022: Social Sciences and Humanities Research Council (SHHRC) Grant: Co-investigator project "Financial Disclosure and Corporate Governance" of $84,100 

2013-2014: Victoria University of Wellington Research Establishment Grant of $10,000. 

2013-2014: AFAANZ Research Grant, AUD$5,500 offered by the Australian Accounting and Finance Association of Australia and New Zealand.

2012: EIASM Best Junior Contribution to the Development of Intangibles and IC Theory and Practice- Mention d’Honneur, Grenoble, France

2009-2012: Italian Ministry of University and Research (MIUR), 3-year Ph.D scholarship of €48,960.

2011: University of Padua (Italy) scholarship for visiting Ph.D Scholar at the University of Michigan-Flint.  

2007: Erasmus Scholarship awarded by the European Union for the spring term of the academic year at the University of Perugia, Italy, best Erasmus student of the year.

2008: Scholarship for Academic Excellence awarded by the University Alexandru Ioan Cuza, Romania

2005-2007: Faculty of Economics and Business Studies Scholarship for meritorious performance awarded  by University Alexandru Ioan Cuza, Romania.

2006: Selected out of 10,000 students for the Romanian National Finance Olympiad. 

WORKSHOP PRESENTATIONS

London School of Economics and Political Sciences, MIT, Harvard Business School, Dartmouth College, University of Valencia, Massey University, University of Michigan, Bocconi University, ESSEC Business School, Paris-Dauphine University, Free University of Bozen-Bolzano,  University of Padua, University Jaume I, Victoria University of Wellington, University of Calgary, University of Southern Denmark, Temple University, WHU - Otto Beisheim School of Management, Deakin University. 

CONFERENCE PRESENTATIONS and PARTICIPATION

2020 and 2018 Contemporary Accounting Research Journal conference, 2020 Review of Accounting Studies (RAST), 2020 European Accounting Review (EAR), 2020 Journal of Law, Finance and Accounting, 2019 University of Technology Sydney (UTS) Australian Summer Accounting Conference, American Accounting Association Annual Meeting, FARS American Accounting Association, Canadian Academic Accounting Association Annual Meeting, Dartmouth Accounting Research Conference, European Accounting Association Annual Congress, HARC Accounting Research Conference, Temple University Accounting Conference, Conference on Financial Economics and Accounting, Indian School of Business Accounting Conference, PCAOB/JAR Conference, Doctoral Summer Workshop in Empirical Accounting Research, Kellogg Accounting Conference, European Financial Management Association, Accounting and Finance Association of Australia and New Zealand Annual Conference, International Conference of Globalization and Higher Education in Economics and  Business Administration, EIASM Interdisciplinary workshop on Intangibles, Intellectual Capital & Extra-Financial Information, EIASM Workshop on Corporate Governance, Accounting and Finance  Journal Conference, Conference on Financial Markets and Corporate Governance.

 PROFESSIONAL SERVICE

Ad Hoc Reviewer:

Auditing: A Journal of Practice and Theory, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, Journal of Accounting and Public Policy, Accounting, Auditing and Accountability Journal, Review of Accounting and Quantitative Finance, European Accounting Review,  Review of Economics and Business Studies, Accounting and Finance,  Asia-Pacific Journal of Accounting & Economics.

2019 JIAR conference (Journal of International Accounting Research) panelist at the doctoral consortium

Reviewer for Research Grants Council (RGC) of Hong Kong.

Reviewer for Social Sciences and Humanities Research Council (SSHRC) grants

2021, 2020, 2018 EAA Scientific Committee Member

2021 CAAA Scientific Committee Member

2014, 2016, 2017, 2019, 2020 FARS AAA Midyear Meeting

2016, 2017, 2018 CAAA Annual Meeting

2014, 2015, 2016, 2017, 2019 AAA Annual Meeting 

2014 IAS AAA MidyearMeeting

Commerce Teachers Professional Development Day (22nd November 2013)

Victoria University of Wellington - School of Accounting and Commercial Law Representative on Human Ethics Committee (compliance with the HEC forms and business implications)

Keynote speaker at the 2013 Summer Ethics Conference, Venice, Italy

• Courses