Faculty Directory

Luminita Enache

Research Scholar







PhD, University of Padua (Italy), 2012; BA, University Alexandru Ioan Cuza (Romania), 2008; BS, Grigore-Ghica Voda (Romania), 2008; CPA, Australia

Areas of Expertise

Financial accounting, security valuation, corporate finance


Luminita joined the Tuck School of Business at Dartmouth as a Research Scholar in December 2014. She is currently a Visiting Scholar at MIT, Sloan School of Management and is involved in the Health Care Delivery Science Program at Dartmouth College. Previously she has been a Lecturer of Accounting in New Zealand, at Victoria University of Wellington and a Visiting Scholar/Professor at Columbia University. Prior to joining academia, Luminita has worked as a Credit Analyst for ProCredit Bank in Bucharest and as a Junior Relationship Manager for Raiffeisen Bank Romania. Luminita 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.

Current Research Topics

Corporate disclosure, capital markets, intangibles, biotech industry, innovation, audit quality, competition, analysts' forecasts

Professional Activities

Academic positions

  • Research Scholar, Tuck School of Business, 2015–present
  • Visiting Scholar, MIT, Sloan School of Management, 2016–present
  • Curriculum Specialist, Master of Health Care Delivery Science Program, Dartmouth College, 2016–present
  • Lecturer of Accounting, Victoria Business School, University of Wellington, 2013–16
  • Visiting Scholar, Columbia Business School, Columbia University, 2013–14

Nonacademic positions

  • Credit Analyst (SME), ProCredit Romania, 2008
  • Junior Relationship Manager (SME-micro), Raiffeisen Bank, Romania, 2007
  • Insurance Trainee, Assicurazioni Generali Italy, 2007

Editorial positions

Ad hoc reviewer

  • Accounting, Auditing and Accountability Journal
  • Asia-Pacific Journal of Accounting & Economics
  • Review of Economics and Business Studies


  • Research Establishment Grant, Victoria University of Wellington, 2013–14
  • AFAANZ Research Grant, Australian Accounting and Finance Association of Australia and New Zealand, 2013–14
  • Mention d’Honneur, EIASM Best Junior Contribution to the Development of Intangibles and IC Theory and Practice, 2012
  • PhD scholarship, Italian Ministry of University and Research, 2009–12
  • Visiting PhD Scholar (University of Michigan) Scholarship, University of Padua (Italy), 2011
  • Erasmus Scholarship (awarded by the European Union), 2007
  • Scholarship for Academic Excellence, University Alexandru Ioan Cuza (Romania), 2008
  • Scholarship for meritorious performance, University Alexandru Ioan Cuza, Romania, 2005–07

Working Papers

  • With E. Riedl and L. Li, "The Strategic Role of Disclosure: Evidence from the Biotech Industry"
  • With D. Aobdia and A. Srivastava, “Is the Auditing Industry Becoming a Tighter or Looser Oligopoly?” revise and resubmit
  • With A. Parbonetti and A. Srivastava, "Professional Backgrounds of the Outside Directors and Firms' Voluntary Disclosures: Evidence from Biotechnology Firms," revise and resubmit
  • With E.G. Meca, “Board Composition and Accounting Conservatism: The Role of Business Experts, Support Specialists, and Community Influentials,” under review
  • With A. Parbonetti, “Corporate Governance, Product-Related Voluntary Disclosure and Analysts’ Forecasts Properties”

Selected Publications

  • With A. Srivastava, "Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? New Evidence," Management Science, forthcoming
  • With A. Lanzavecchia, “What Drives a Long-Term Relationship in Microcredit? Insights from a Cambodian Microfinance Institution,” CAGTR Series, Victoria University of Wellington, March 2013
  • With A. Parbonetti, “Corporate Governance. Product-Related Voluntary Disclosure and Analysts’ Forecasts Properties,” Financial Accounting eJournal, 47(5), 2013
  • With R. Ajayi and S. Mehdian, “Resolution of Financial Distress: A Comparative Analysis of U.S., U.K., and Japanese Firms,” Review of Economics and Business Studies, 5(2), 2012