This paper examines the effect of Tobacco 21 laws, which raise the minimum age for tobacco purchases to 21, on prenatal smoking and birth outcomes using restricted access data from the National Vital Statistics System. Using both the synthetic difference-in-differences and stacked event-study...

In August 2025, as part of a large fiscal package, Romania announced an increase in tobacco and alcohol excise taxes, news welcomed by proponents of public health. However, the announcement turned into a disappointment for the tobacco control community when the final increase in cigarette excise...

This study investigates the effect of the annual "No-Smoking Day" on the stock performance of British American Tobacco (BATS) and Imperial Brands (IMB) from 1997 to 2023. Our findings reveal a significant negative impact of No-Smoking Wednesdays on BATS, with a moderate but statistically...

Previous research has documented how British American Tobacco (BAT) and other transnational tobacco companies (TTCs) smuggled their own products into Iran in the 1990s in order to circumvent sanctions and other trade restrictions. In the early 2000s, BAT, along with other TTCs, signed legal...

The tobacco industry is of considerable economic importance worldwide, providing the livelihoods of millions of people and contributing significantly to national economies. Within this industry, planning is emerging as a leading function of management, playing a key role in ensuring the success...

The purpose of this research is to explore the management functions involved in supporting the tobacco industry in the Republic of North Macedonia. The study aims to analyze the role of management functions, including planning, organizing, leading, and controlling, in the development and...

Many non-communicable diseases (NCDs), while preventable, are caused by modifiable behavioral risk factors which include harmful consumption of alcohol, physical inactivity, tobacco use, and unhealthy diet. Tobacco use has been one of the biggest public health threats linked with NCDs killing...

Considering recent theoretical discussions about the concept of moral legitimacy, this study advances our understanding of its performance consequences. Specifically, it uncovers the mediating role of moral legitimacy in the relationship between regulations and industry performance. Our analysis...

Purpose This study aims to estimate the pass-through rate of the increases in the excise tax and TCF tax on tobacco in Vietnam. This study seeks to shed light on how the tax burden is split between consumers and producers and inform policy discussions in the country. Using panel micro-level data...

The Global Tax Program Health Taxes Knowledge Note Series focuses on topics linked to implementation of health taxes, or excise taxes on tobacco, alcoholic drinks and sugar-sweetened beverages. The purpose of this series is to provide policy makers with an overview of relevant issues and...

A sound understanding of the potency of tobacco control policies is key to tobacco prevention. This study exploits a Smoothed Instrumental Variables Quantile Regression estimator to gauge the effectiveness of these policies while addressing major methodological and data limitations plaguing the...

In line with the Tobacco Products Directive (2014/40/EU) and Commission Implementing Decision (EU) 2016/786, the Independent Advisory Panel on characterising flavours in tobacco products (IAP) has been established assisting Member States and the Commission in determining whether or not a tobacco...

Several studies investigate the various aspects of tobacco at the processing and cigarette manufacturing levels, but the profitability, supply response, and input demand of tobacco farms in Pakistan remain unknown. Our study fills this gap by examining farm-level profitability, input demand, and...

A sound understanding of the potency of tobacco control policies is key to tobacco prevention. This study exploits a Smoothed Instrumental Variables Quantile Regression estimator to gauge the effectiveness of tobacco control policies while addressing major methodological and data limitations...

Taxing the tobacco market faces an important trade-off. From a fiscal perspective, more smokers means higher tax revenue. From a health perspective, more smokers means reduced public health.New products (e-cigarettes, heated tobacco products, snus...) add a new aspect to this classic problem in...

This case commentary uses the in-depth case study and thick-description approach to analyze and comment on two important cases from the East Africa Court Justice (EACJ) and the OHADA Common Court of Justice and Arbitration (OHADA CCJA). The cases are the British American Tobacco v Attorney...

In the context of the current goal of finance, an analysis of the determinants of a company’s Return on Equity (ROE) is useful to many stakeholders of a company. DuPont model is one of the most efficient models in studying the drivers of a companies’ ROE. Literature review on the DuPont...

This study is the first to comprehensively examine the impacts of statewide tobacco 21 (T-21) laws on youth tobacco consumption, including spillovers to minor teens. Using data from the 2009-2019 Behavioral Risk Factor Surveillance Survey and a differencein-differences approach, we find...

Tobacco 21 (T-21) laws prohibit the sale of tobacco products to individuals under age 21. This study is the first to comprehensively examine the impacts of statewide T-21 laws on youth tobacco consumption, including spillovers to minor teens. Using data from the 2009-2019 Behavioral Risk Factor...

There is a lack of independent data regarding the illicit tobacco trade in Malaysia. Tobacco Industry (TI) commissioned data has previously been criticised for overestimating the illicit tobacco trade and for a lack of methodological transparency. The aim of this study is to present an...

The paper investigates whether there is any ethical dilemma for the retailers of tobacco products to sell cigarettes to minors or not. With the study of secondary data and primary data coming from 60 retailers and 20 experts from Khulna City, Dhaka City, and Savar, the research concludes that in...

"Indonesia is the world's second largest cigarette market: two out of three men smoke, and clove-laced tobacco cigarettes called kretek make up 95 percent of the market. To account for the staggering success of this lethal industry, Kretek Capitalism moves beyond a focus on the addictive hold of...

Supplier development in the farming industry takes the form of contract farming. Contract farming was introduced to tobacco farming in 2004. Prior to that contract farming has been thriving in other crops such as cotton and sugarcane. Previous studies on tobacco farming had an unbalanced focus...

Background: We constructed a composite index, which measures the enabling factors of illicit tobacco trade for 160 countries.Data and Methods: We collected the most recent and best available data for various variables on general governance, tobacco control policies, trade and customs practices....

We compare the ownership characteristics of tobacco stocks with their peers in the same country and industry group. We find lower reported ownership for stocks in the tobacco industry, which suggests that anonymous investors are larger owners of these sin stocks. Compared to peer stocks, U.S....

Tobacco taxation is the most effective measure to reduce cigarette consumption, and consequently improve public health outcomes. It is also an important source of government revenue. The presence of an illicit tobacco market diminishes the public health and fiscal gains of cigarette levies by...

The paper emphasizes on the consequential effect that the pioneering legislation enacted by Australia had on the remaining world, as preventable health damage surfaced as a potent threat to nations. Based on Article 11 and Article 13 of the WHO Framework Convention on Tobacco Control, a...