This book contains original research, examining how companies cope with recessionary pressures.The main issues examined in the book are: what makes companies vulnerable to recessionary pressures?; how do companies typically respond to these pressures?; how have recessionary pressures been transmitted back into labour markets, what kinds of institutional changes have they induced? and, finally, do recessionary pressures stimulate innovative activity. Having surveyed more than 600 of the U.K's leading companies, and making innovative use of micro-economic analysis the authors are able to provide the most comprehensive answers yet, to this contentious area of economic debate.The main issues examined in the book are: what makes companies vulnerable to recessionary pressures?; how do companies typically respond to these pressures?; how have recessionary pressures been transmitted back into labour markets, what kinds of institutional changes have they induced? and, finally, do recessionary pressures stimulate innovative activity. Having surveyed more than 600 of the U.K's leading companies, and making innovative use of micro-economic analysis the authors are able to provide the most comprehensive answers yet, to this contentious area of economic debate.The main issues examined in the book are what makes companies vulnerable to recessionary pressures; how companies typically respond to these pressures; how recessionary pressures have been transmitted back into labor markets and what kinds of institutional changes they have induced and, finally, whether recessionary pressures stimulate innovative activity. Having surveyed more than 600 of the U.K.'s leading companies, and made innovative use of microeconomic analysis, the authors are able to provide the most comprehensive answers yet, to this contentious area of economic debate.1. Introduction; 2. The recession curve; 3. Company performance over the business cycle; 4. Changes in corporate strategy and structure; 5. The labolă+