Stock Options - It's Not Just About Motivation

October, 2002      Download this brief (PDF).

Paul Oyer

Paul Oyer is an Associate Professor of Economics at Stanford University's Graduate School of Business. His research focuses on the economics of compensation, displacement costs, and downsizing. His longer papers analyzing broad-based stock options plans, "Why Do Some Firms Give Stock Options To All Employees?: An Empirical Examination of Alternative Theories" and "Why Do Firms Use Incentives That Have No Incentive Effects?" are available at http://faculty-gsb.stanford.edu/oyer/home.htm.

Prior to coming to Stanford in 2000, Oyer was on the faculty of Northwestern University's Kellogg School of Management. He received a BA from Middlebury College, an MBA from Yale University, and a PhD from Princeton University.