REPORTS
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UC Irvine small business, continued ...
The study focused on two types of economic shocks: those affecting
multiple industries in a particular region and nationwide jolts to a
specific industry. Researchers measured how businesses adjusted
employment levels in response to those shocks. They then examined how
the responses varied among the different kinds of businesses.
The
results indicated that corporate offices were the most stable in terms
of avoiding layoffs and closures, and smaller, locally owned chains
provided some stability. Consequently, job losses caused by industry
downturns were 60 percent greater for standalone businesses than for
stores or factories reporting to headquarters in another city. Cuts
were half as large at corporate headquarters as at non-locally owned
stores or factories.
The study was funded by a grant from
the David A. Coulter Family Foundation to the Public Policy Institute
of California. Read the full report here:
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UC Irvine small business, continued ...
The study focused on two types of economic shocks: those affecting
multiple industries in a particular region and nationwide jolts to a
specific industry. Researchers measured how businesses adjusted
employment levels in response to those shocks. They then examined how
the responses varied among the different kinds of businesses.The results indicated that corporate offices were the most stable in terms of avoiding layoffs and closures, and smaller, locally owned chains provided some stability. Consequently, job losses caused by industry downturns were 60 percent greater for standalone businesses than for stores or factories reporting to headquarters in another city. Cuts were half as large at corporate headquarters as at non-locally owned stores or factories.
The study was funded by a grant from the David A. Coulter Family Foundation to the Public Policy Institute of California. Read the full report here:
<< PREVIOUS PAGE
Related headlines
O.C.'s unemployment rate drops in September
O.C. employment should rise 13.4 percent by 2016
'OC METRO Minute,' Oct. 15: O.C. employment expected to improve by about 13 percent by 2016
Irvine-based Local.com sees record search traffic
O.C.'s median home price rises in September
