We examine the effect of directors with extended tenure on corporate innovation. Using a sample of U.S. firms from 2001-2006, we find that firms with a higher portion of directors with extended tenure are associated with significantly lower innovation productivity and quality, as manifested in a...

We examine the effect of a firm's accessibility to the United States Patent and Trademark Office (USPTO), captured by the firm's distance to it, on the materialization of the firm's innovation output. An increase in a firm's distance to the USPTO results in a longer time-to-patent-grant and a...