<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><FONT face="Times New Roman"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">1.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">Curry Timothy J., Elmer Peter J., Fissel Gary S., 2003, “Using Market Information to Help Identify Distressed Institutions: A Regulatory Perspective”, FDIC Banking Review.</SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><FONT face="Times New Roman"><SPAN lang=EN-US style="COLOR: red; mso-bidi-"></SPAN></FONT></P><FONT face="Times New Roman"><SPAN lang=EN-US style="COLOR: red; mso-bidi-">
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">2.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">Edward I. Altman, 2006, “Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt”, <PLACE wst="on"><PLACENAME wst="on">New York</PLACENAME> <PLACETYPE wst="on">Univ.</PLACETYPE></PLACE></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-"><PLACE wst="on"><PLACETYPE wst="on"></PLACETYPE></PLACE>
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<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">3.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">Edward I. Altman, Haldeman R, Harayanan P, 1977, “ZETA Analysis: A New Model to Identify Bankruptcy Risk of Corporations”, Journal of Banking and Finance.</SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-"></SPAN></P><SPAN lang=EN-US style="COLOR: red; mso-bidi-">
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">4.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">Flagg J. C., Giroux G. A., Wiggins C. E., 1999, “Predicting Corporate Bankruptcy Using Failing Firms”, Review of Financial Economics.</SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-">
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<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">5.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">Gentry, j,. A., P. newbold, D. T. Whitford, 1985, “Classifying Bankrupt Firms with Funds Flow components”, Journal of Accounting Research.</SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-">
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<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 0cm"><SPAN lang=EN-US style="COLOR: red; mso-bidi-; mso-fareast-font-family: 'Times New Roman'"><SPAN style="mso-list: Ignore">6.<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN-US style="COLOR: red; mso-bidi-">James Scott, 1981, “The Probability of Bankruptcy: A Comparison of Empirical Predictions and Theoretical Models”, Journal of Banking &amp; Finance.
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