Research Grants

1. Direct Grant (97/98):
   "Option Valuation of Constant Elasticity of Variance Process with Absorbing Boundaries and Its Applications to the Hong Kong Equity Market"
   
   
2. Direct Grant (99/00):
   "Valuation of European Options Subject to Default Risk Using Signaling Process"
   
   
3. Direct Grant (02/03):
   "Estimation of Default Probability by Three-factor Structural Model"