The Real Effect of Smoking Bans: Evidence from Corporate Innovation

We identify a positive causal effect of healthy working environments on corporate innovation, using the staggered passage of U.S. state-level laws that ban smoking in workplaces. We find a significant increase in patents and patent citations for firms headquartered in states that have adopted such laws relative to firms headquartered in states without such laws. The increase is more pronounced for firms in states with stronger enforcement of such laws and in states with weaker preexisting tobacco controls. We present suggestive evidence that smoke-free laws affect innovation by improving inventor health and productivity and by attracting more productive inventors.

• Publication year

  2018

• Venue

  Journal of Financial and Quantitative Analysis

• Publication date

  2018-12-17

• Fields of study

  Business, Economics, Political Science

• Identifiers
  DOI 10.1017/S0022109018001564
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Human Performance

  2020influential reference
• Employment Nondiscrimination Acts and Corporate Innovation

  2017cited by this paper
• Smart and Illicit: Who Becomes an Entrepreneur and Do They Earn More?

  2017cited by this paper
• Technological Innovation, Resource Allocation and Growth

  2017influential reference
• Innovation Strategy of Private Firms

  2017cited by this paper
• The Use and Misuse of Patent Data: Issues for Corporate Finance and Beyond

  2017cited by this paper
• Missing R&D

  2015cited by this paper
• The Health Consequences of Smoking-50 Years of Progress: A Report of the Surgeon General, 2014Us Department of Health and Human Services Atlanta, GA: Department of Health and Human Services, Centers for Disease Control and Prevention, National Center for: Critique

  2015cited by this paper
• Disambiguation and co-authorship networks of the U.S. patent inventor database (1975–2010)

  2014cited by this paper
• Financial development and innovation: Cross-country evidence

  2014cited by this paper
• Smoking and long-term labour market outcomes

  2014cited by this paper
• Firm Boundaries Matter: Evidence from Conglomerates and R&D Activity

  2014cited by this paper
• Innovation and Institutional Ownership

  2013cited by this paper
• Innovative Efficiency and Stock Returns

  2013cited by this paper
• Endogenous technological change

  2013cited by this paper
• State-Level Business Cycles and Local Return Predictability

  2013cited by this paper
• Handbook of the Economics of Innovation

  2013cited by this paper
• Endogeneity in Empirical Corporate Finance1

  2013cited by this paper
• The Growth of Low-Skill Service Jobs and the Polarization of the US Labor Market

  2013cited by this paper
• Smoking and absence from work: systematic review and meta-analysis of occupational studies.

  2013cited by this paper
• Misvaluing Innovation

  2012cited by this paper
• Smoking Cessation and Quality of Life: Changes in Life Satisfaction Over 3 Years Following a Quit Attempt

  2012cited by this paper
• Endogeneity in Empirical Corporate Finance∗

  2012cited by this paper
• ABSTRACT The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market

  2012cited by this paper
• Technological Innovation, Resource Allocation, and Growth

  2012influential reference
• As Certain as Debt and Taxes : Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes

  2012cited by this paper
• Do Hostile Takeovers Stifle Innovation? Evidence from Antitakeover Legislation and Corporate Patenting

  2012cited by this paper
• Wrongful Discharge Laws and Innovation

  2012influential reference
• Exposure to secondhand smoke and cognitive impairment in non-smokers: national cross sectional study with cotinine measurement

  2011cited by this paper
• Secondhand smoke, vascular disease, and dementia incidence: findings from the cardiovascular health cognition study.

  2010cited by this paper
• Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States

  2010cited by this paper
• Exposure to secondhand smoke and cognitive impairment in non-smokers: national cross sectional study with cotinine measurement

  2009cited by this paper
• Lone Inventors as Source of Breakthroughs: Myth or Reality?

  2009cited by this paper
• Implication of Organizational Health Policy on Organizational Attraction

  2009cited by this paper
• The Financing of R&D and Innovation

  2009cited by this paper
• The Influence of Corporate Culture on Economic Behavior : Does Religion Matter in Corporate Decision Making in America ?

  2007cited by this paper
• The Honolulu-Asia Aging Study

  2007cited by this paper
• Protection from exposure to second-hand tobacco smoke : policy recommendations

  2007cited by this paper
• IDENTIFYING TECHNOLOGY SPILLOVERS AND PRODUCT MARKET RIVALRY

  2007cited by this paper
• Smoking and cognitive change from age 11 to 66 years: a confirmatory investigation.

  2007cited by this paper
• Smoking as a risk factor for dementia and cognitive decline: a meta-analysis of prospective studies.

  2007cited by this paper
• Declines in hospital admissions for acute myocardial infarction in New York state after implementation of a comprehensive smoking ban.

  2007cited by this paper
• The Effects of Tobacco Smoke and Nicotine on Cognition and the Brain

  2007cited by this paper
• The 2006 Report of the Surgeon General: the health consequences of involuntary exposure to tobacco smoke.

  2007cited by this paper
• The Psychology of Novelty‐Seeking, Creativity and Innovation: Neurocognitive Aspects Within a Work‐Psychological Perspective

  2006cited by this paper
• Effect of Smoking Status on Productivity Loss

  2006influential reference
• Smoke-free laws and secondhand smoke exposure in US non-smoking adults, 1999–2002

  2006cited by this paper
• Reduction in the incidence of acute myocardial infarction associated with a citywide smoking ordinance

  2006cited by this paper
• Nicotinic effects on cognitive function: behavioral characterization, pharmacological specification, and anatomic localization

  2006cited by this paper
• Competition and Innovation

  2006cited by this paper
• Reduction in the Incidence of Acute Myocardial Infarction Associated With a Citywide Smoking Ordinance

  2006cited by this paper
• Financial burden of tobacco use: an employer's perspective.

  2006cited by this paper
• The Costs of Wrongful-Discharge Laws

  2006cited by this paper
• Does Corporate Headquarters Location Matter for Stock Returns

  2006cited by this paper
• An episodic process model of affective influences on performance.

  2005cited by this paper
• Incidence, Manifestations, and Predictors of Worsening White Matter on Serial Cranial Magnetic Resonance Imaging in the Elderly: The Cardiovascular Health Study

  2005cited by this paper
• Market value and patent citations

  2005cited by this paper
• Identifying Technology Spillovers and Product Market Rivalry

  2005cited by this paper
• Competition and Innovation: an Inverted-U Relationship

  2005cited by this paper
• Effect of smoking on global cognitive function in nondemented elderly

  2004cited by this paper
• How Much Should We Trust Differences-in-Differences Estimates?

  2004cited by this paper
• THE ROLE OF AFFECTIVE EXPERIENCE IN WORK MOTIVATION.

  2004cited by this paper
• How Do Firing Costs Affect Worker Flows in a World with Adverse Selection?

  2004cited by this paper
• SMOKE-FREE ORDINANCES INCREASE RESTAURANT PROFIT AND VALUE.

  2004cited by this paper
• Enjoying the Quiet Life? Corporate Governance and Managerial Preferences

  2003cited by this paper
• Liquidity Needs and Vulnerability to Financial Underdevelopment

  2003cited by this paper
• Effects of Corporate Diversification on Productivity

  2002cited by this paper
• Cigarette smoking and alcohol consumption in relation to cognitive performance in middle age.

  2002cited by this paper
• Financial Development, Property Rights, and Growth

  2002cited by this paper
• Impact of smoking status on workplace absenteeism and productivity

  2001cited by this paper
• Cluster analysis and patterns of findings on cranial magnetic resonance imaging of the elderly: the Cardiovascular Health Study.

  2001cited by this paper
• Biobehavioral characteristics of nondemented older adults with subclinical brain atrophy

  2000cited by this paper
• Do Workplace Smoking Bans Reduce Smoking

  1999cited by this paper
• Industry costs of equity

  1997cited by this paper
• University Versus Corporate Patents: A Window On The Basicness Of Invention

  1997cited by this paper
• More Bad News for Smokers? The Effects of Cigarette Smoking on Wages

  1997cited by this paper
• Smoking history in middle age and subsequent cognitive performance in elderly Japanese-American men. The Honolulu-Asia Aging Study.

  1997cited by this paper
• Smoking, health knowledge, and anti-smoking campaigns: an empirical study in Taiwan.

  1996cited by this paper
• Nicotine and Smoking: A Review of Effects on Human Performance

  1994cited by this paper
• The Importance of Patent Scope: An Empirical Analysis

  1994cited by this paper
• Effects of a restricted work-site smoking policy on employees who smoke.

  1994cited by this paper
• The politics of antismoking legislation.

  1993cited by this paper
• Patent Statistics as Economic Indicators: A Survey

  1990cited by this paper
• Residual effects of cigarette smoking on cognitive performance in normal aging.

  1989cited by this paper
• On the Mechanics of Economic Development

  1988cited by this paper
• Positive affect facilitates creative problem solving.

  1987cited by this paper
• A Quality-of-Life Theory Derived from Maslow's Developmental Perspective

  1986cited by this paper
• The new economics of labor migration

  1985cited by this paper
• Threat-rigidity effects in organizational behavior: A multilevel analysis.

  1981cited by this paper
• Corporate Inventive Output, Profits, and Growth

  1965cited by this paper
• TECHNICAL CHANGE AND THE AGGREGATE PRODUCTION FUNCTION

  1957cited by this paper

• Inventors and firm innovation: Does location matter?

  2026cites this paper
• Impact of Green Credit and Technological Innovations on Renewable Energy Consumption in Green Efficiency of Vietnam’s Ecotourism Industry

  2025cites this paper
• Local Labor Markets and Corporate Innovation

  2025cites this paper
• CSR and corporate science

  2025cites this paper
• The influence of environmental management system on outward foreign direct investment: Evidence from ISO 14001 certification in China

  2025cites this paper
• Environmental Regulation and Corporate Trade Credit Financing: Evidence From the Cleaner Production Standards in China

  2025cites this paper
• Do natural disasters affect product development? Evidence from trademarks

  2025cites this paper
• Measuring the Economic Value of an Innovation When Some Investors Are Inattentive

  2025cites this paper
• Do social security contributions affect firms’ pollution discharges? Evidence from collection reforms in China

  2025cites this paper
• Physical Climate Change Risk and Corporate Cost Stickiness: Evidence From China

  2025cites this paper
• Health and creativity: Evidence from corporate innovation

  2025cites this paper
• Do the walking dead eat and Drink? Zombie firms and bribery expenditures

  2025cites this paper
• From social networks to sustainable solutions: Unpacking the influence of social capital on green innovation

  2025cites this paper
• The impact of local corruption on firms' narrative R&D disclosures

  2025cites this paper
• LGBTQ-Friendly Employee Policies and Corporate Innovation

  2025cites this paper
• A Study of the Asymmetric Impact of Economic Policy Uncertainty in Corporate Inter-temporal Innovation Decisions

  2025cites this paper
• Sustainable development through structural transformation: a pathway to economic, social, and environmental progress

  2024cites this paper
• The impact of free trade zones on ESG performance: Evidence from China

  2024cites this paper
• How Deep‐Level and Surface‐Level Board Diversity, Formal and Informal Social Structures Affect Innovation

  2024cites this paper
• Accrual and real earnings management by rumored takeover targets

  2024cites this paper
• RETRACTED ARTICLE: Coupling of SME innovation and innovation in regional economic prosperity with machine learning and IoT technologies using XGBoost algorithm

  2024cites this paper
• Supply chain in transition navigating economic growth and environmental sustainability through education

  2024cites this paper
• The hidden linkage of corporate efficiency and green innovation with human resource management practices: a newly perspective from China

  2024cites this paper
• Fintech, green imports, technology, and FDI inflow: their role in CO2 emissions reduction and the path to COP26: a comparative analysis of China

  2024cites this paper
• Decoding the green supply chain: Education as the key to economic growth and sustainability

  2024cites this paper
• Pengaruh Merokok terhadap Performa dan Kesehatan Atlet

  2024cites this paper
• Drivers and influencers of blockchain and cloud-based business sustainability accounting in China: Enhancing practices and promoting adoption

  2024cites this paper
• Economic policy uncertainty and natural resources commodity prices: A comparative analysis of pre- and post-pandemic quantile trends in China

  2024cites this paper
• Improving mineral mining enterprises environmental performance through corporate social responsibility practices in China: Implications for minerals policymaking

  2024cites this paper
• The Effect of Big Data-Driven Tax Enforcement on Audit Pricing: Evidence from China

  2024cites this paper
• Environmental enforcement actions and corporate green innovation

  2024cites this paper
• Unintended workplace safety consequences of minimum wages

  2024cites this paper
• Trade‐offs and synergies: Examining the impact of natural resource rents and energy efficiency on financial development in the RCEP context

  2024cites this paper
• Local labor market and corporate investment

  2024cites this paper
• The impact of low-carbon city policy on corporate cost stickiness

  2024cites this paper
• Employee health and corporate innovation: Evidence from medical cannabis legalisation

  2024cites this paper
• RETRACTED ARTICLE: The Use of Big Data Analysis in Digital Empowerment of Sustainable Technological Innovation Management of Ecological Enterprises

  2024cites this paper
• Analysis of the impact of social network financing based on deep learning and long short-term memory

  2024cites this paper
• RETRACTED ARTICLE: Investing energy transition future: a comprehensive assessment of financial and non-financial factors that affect access to capital

  2024cites this paper
• Opioid epidemic and corporate innovation

  2024cites this paper
• Does Cultural Embeddedness on Cigarette Packages Mitigate Environmental Information Credibility? Evidence from China

  2024cites this paper
• The Labor Market Effects of Marijuana Legalization on Firms' Cost of Equity

  2024cites this paper
• Do Share Repurchases Facilitate Movement Toward Target Capital Structure? International Evidence

  2024cites this paper
• Patent pledgeability, trade secrecy, and corporate patenting

  2024cites this paper
• How does corporate organizational identity, environmental project complexity and environmental project effort matter for project success?

  2023cites this paper
• Social Trust and Firm Innovation

  2023cites this paper
• Western cultural influence on corporate innovation: Evidence from Chinese listed companies

  2023cites this paper
• China’s energy policy and sustainable energy transition for sustainable development: green investment in renewable technological paradigm

  2023cites this paper
• The impact of an Accelerated Depreciation Tax Policy on Employment: Evidence from China

  2023cites this paper
• Corporate key labs: Breakthrough or white elephant?

  2023cites this paper
• Optimization and Evaluation of a Municipal Solid Waste-to-Energy System using Taguchi Technique in a Tri-generation System Based on Gas Turbine with Air and Steam Agents

  2023cites this paper
• The Study on the Effectiveness of Sustainable Customer Relationship Management: Evidence from the Online Shopping Industry

  2023cites this paper
• Stakeholder orientation and trade credit: Evidence from a natural experiment

  2023cites this paper
• Local air pollution and corporate innovation

  2023cites this paper
• Natural disasters and corporate innovation

  2023cites this paper
• Hidden Financial Costs of the Opioid Crisis: Evidence from Mortgage Originations

  2023cites this paper
• Do Prosocial CEOs Promote Innovation?

  2023cites this paper
• A Survey of COVID-19 Diagnosis Using Routine Blood Tests with the Aid of Artificial Intelligence Techniques

  2023cites this paper
• The tax incentives and corporate cash holdings: Evidence from a quasi-natural experiment of an accelerated depreciation tax policy for fixed assets

  2023cites this paper
• Evaluation of heavy metals contamination in cereals, vegetables and fruits with probabilistic health hazard in a highly polluted megacity

  2023cites this paper
• Does eco-friendly tourism necessary for entrepreneurship? The role of tourism and innovation in sustainable development

  2023cites this paper
• The power of paper: Scientific disclosure and firm innovation

  2023cites this paper
• Green finance, energy consumption, urbanization, and economic growth: Quantile based evidence from China

  2023cites this paper
• Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching

  2023cites this paper
• Studying financial aspect of green credit and regional heterogeneity on technology innovation in China

  2023cites this paper
• The Effect of Salience on the Equity Market Reaction to Innovation Announcements: Theory and Evidence from Patent Grants and FDA Drug Approvals

  2023cites this paper
• Role of green financing in developing sustainable business of e-commerce and green entrepreneurship: implications for green recovery

  2023cites this paper
• Financial stability nexus with oil prices shocks and business cycle uncertainty during COVID-19: empirical trends of ASEAN economies

  2023influential citation
• Developing a model between trade openness and economic recovery: Panel data analysis for Chinese pilot-regions

  2023cites this paper
• How does green floating bond and financial sector readiness promote green economic growth evidence from China

  2023cites this paper
• Opioid abuse and labor investment efficiency

  2023cites this paper
• Economic dispatch optimization considering operation cost and environmental constraints using the HBMO method

  2023cites this paper
• Research on Forecasting and Risk Measurement of Internet Money Fund Returns Based on Error-Corrected 1DCNN-LSTM-SAM and VaR: Evidence From China

  2023cites this paper
• Macro tax incentives and corporate sustainable innovation: Evidence from Chinese Enterprises

  2023cites this paper
• Profit prediction optimization using financial accounting information system by optimized DLSTM

  2023cites this paper
• Analyzing the influencing factors of collaborative innovation and industrial structure upgrading on the economy: reflection on the economic dilemma of enterprises

  2023cites this paper
• From concept to reality: leveraging green innovation and supply chain management for sustainable corporate performance

  2023cites this paper
• Are public health policies associated with corporate innovation? Evidence from U.S. nonsmoking laws

  2023cites this paper
• The potential of blockchain technology in advancing sustainable energy: a study on the mediating role of specialization in the growth of Chinese hidden champions

  2023cites this paper
• The role of blockchain technology in advancing sustainable energy with security settlement: enhancing security and efficiency in China’s security market

  2023cites this paper
• IPO underpricing and corporate innovation: evidence from China

  2023cites this paper
• Sustainable development in brand loyalty: Exploring the dynamics of corporate social responsibility, customer attitudes, and emotional contagion

  2023cites this paper
• Analysis on the impacts of changes in China's peripheral diplomatic relations on export trade using integrated ARIMA–LSTM model

  2023cites this paper
• Unlocking the link between company attributes and sustainability accounting in shanghai: firm traits driving corporate transparency and stakeholder responsiveness

  2023cites this paper
• The dynamic evolution and coupling coordination development mechanism of new urbanization and green economy: an empirical study based on various provinces in China

  2023cites this paper
• Assessing the environmental effects of ICT and renewable energy: roles of financial development, innovation, and trade

  2023cites this paper
• Does circular economy affect environmental performance? The mediating role of sustainable supply chain management: the case study in China

  2023cites this paper
• Mineral exploration and the green transition: Opportunities and challenges for the mining industry

  2023cites this paper
• Natural resources and financial development: Role of corporate social responsibility on green economic growth in China

  2023cites this paper
• How does an innovative decision-making scheme affect the high-quality economic development driven by green finance and higher education?

  2023cites this paper
• Do entrepreneurship education activities have an impact on entrepreneurial behavior? An application of behavioral entrepreneurial intention

  2023cites this paper
• Research on ecological restoration assessment and eco-economic development of sea area by introducing the K-means clustering algorithm

  2023cites this paper
• Environmental Sustainability in the Age of Big Data: Opportunities and Challenges for Business and Industry

  2023cites this paper
• Supply chain optimization for environmental sustainability and economic growth

  2023cites this paper
• Fiscal spending and green economic growth: evidence from highly polluting Asian economic

  2023cites this paper
• Balancing fiscal expenditure competition and long-term innovation investment: Exploring trade-offs and policy implications for local governments

  2023cites this paper
• A framework for enterprise assessment of carbon performance using support vector machines

  2023cites this paper
• Empirical analysis of the relationship between carbon trading price and stock price of high carbon emitting firms based on VAR model — evidence from Chinese listed companies

  2023cites this paper
• The role of digital transformation in supply chain efficiency and economic output

  2023cites this paper
• Analyzing how government spending, incentives, and supply chains affect financial performance in energy poverty alleviation

  2023cites this paper