Abstract
This study is aiming at revealing any common factors that was leading companies to bankruptcies in the past. For this purpose authors selected 76 ever bankrupted companies from public date-base. As a next step, the root cause analyses were applied to resolve the causalities of each case, to pursue the management problem that is the primary problem of the cause of bankruptcy (Hazards in bankruptcy factors). At last, the mathematical quantification theory class III was applied to the obtained hazards data for each case in order to categorize them into some particular patterns. As a result, we concluded that the problem of management concerning ‘arrogant/lowering morale/self-interest'. mentioned as characteristics of “corruption” type organization climate is a common root cause related to organizational climate of bankrupt companies.
