NEW YORK--([ BUSINESS WIRE ])--A majority of CEOs from global corporations and U.S. small business owners indicate that a lack of confidence in the near-term outlook has them looking to 2013 and beyond for improvements in the economy, business and job creation, according to the 2012 NYSE Euronext CEO Report. Now in its eighth year, the report also presents the views of business leaders on the health of small businesses in America and the impact of the upcoming U.S. election on business and economic growth, employment, the deficit and taxes, and public policy.
"Provide matching investment tax incentives of up to 50% to early stage investors who invest in qualified new businesses certified by each state."
The 2012 NYSE Euronext CEO Report, conducted this past July by ORC International and presented in cooperation with FOX Business Network, reflects the thinking of a diverse group of 340 CEOs from companies listed on NYSE Euronext markets from 26 countries and 285 U.S. small business owners. Complete results of the report are available at: [ www.nysemagazine.com/CEOreport ] and via the NYSE Magazine iPad app, which can be downloaded for free through iTunes.
aBusiness leaders in the U.S. and around the world have significant concerns yet are guardedly optimistic on the prospects for the economy, their businesses and job creation in the years ahead,a said Duncan L. Niederauer, CEO, NYSE Euronext. aMy colleagues and I are grateful to the record number of global participants in this yearas survey, which offers valuable insights from global business leaders and a" for the first time a" Americaas small business and entrepreneurial community. Heading into the U.S. election season, business leaders are universally focused on the economy and jobs, and asking policymakers to provide more certainty around their tax and regulatory burdens.a
Global Economy views remain bleak in 2012, but longer-term outlook is positive
- 48% of respondents rate the global economy as apoora and 48% say it is afaira
- 67% of public-company CEOs and 59% of U.S. small business owners surveyed expect the global economy to grow in 2013;
- Nearly 80% of global CEOs believe the U.S. economy will grow slowly or moderately in 2013, while 60% of small business owners and entrepreneurs agree;
- 17% of CEOs believe the Eurozone will experience economic growth in 2013;
- China is expected to have the greatest growth in 2013 says 39% of CEOs and 34% of U.S. small business owners; Brazil is next at 15% and 14%, respectively.
aIt is the American people who have brought the country out of a recession.Through their innovation and only through their innovation is the countryas economy growing.a a" U.S. CEO
Business Growth expected to accelerate in 2013 and beyond
- Nearly 75% of CEOs and nearly 60% of U.S. small business owners believe their company will experience growth in 2013.
- Many companies and U.S. small businesses are having significant trouble raising capital;
- 43% of CEOs say their need for capital is fully met, and 20% admit they do not have enough capital;
- 21% of U.S. small business owners have sufficient capital while 47% indicate their capital needs are marginally or not met at all;
- U.S. small businesses owners and entrepreneurs are most likely to use their own personal savings to fund growth with loans from financial institutions and credit cards as secondary sources.
- Beginning in 2013, 92% of CEOs and 74% of U.S. small business owners are optimistic for their companiesa growth prospects over the next three years;
- Young U.S. startups with annual revenues below $1 million expect significant growth during this period.
- 29% of CEOs and 41% of U.S. small business owners rate the current environment for start up businesses as favorable.
aWe must make it more attractive for businesses to conduct operations in the USA. This means simplifying the tax code, perhaps lowering tax rates, and making it far easier to get qualified international workers to come to the U.S.a a" U.S. small business owner
Job Creation is primarily the responsibility of the private sector
- More than two-thirds of CEOs say job creation is primarily the private sectoras responsibility, a view shared by half of U.S. small business owners.
- Most respondents agree that cutting business tax rates is the most effective way to accelerate the growth of permanent jobs;
- U.S. small business owners favor increasing funding for programs targeted for emerging enterprises and tax credits for hiring workers.
- Nearly two-thirds of CEOs plan to add to their workforce in 2013;
- One-third of U.S. small business owners plan to add to their workforce in 2013.
- More than half of CEOs and U.S. small business owners see most new jobs in the private sector coming from small businesses and new enterprises over the next three years.
- Approximately 25% of listed CEOs say their company currently has a program in place to connect their business with startup, early stage or small businesses;
- There is significant interest among both Listed CEOs and U.S. small business entrepreneurs in a web tool which would allow large and small businesses to connect;
- 8% of U.S. small business owners say their company has benefited from such a program.
- There is significant interest among both Listed CEOs and U.S. small business entrepreneurs in a web tool which would allow large and small businesses to connect;
aStimulate internal job creation by providing tax benefits for U.S. job creation and tax penalties for outsourcing. Incentivize banks to lend to small businesses at special rates and aggressively.Reduce government red tape. Keep Bush era tax plan and consider flat tax model for real.a a" U.S. small business owner.
Results of U.S. election expected to impact the world, the U.S. economy and job creation
- 86% of public-company CEOs and 87% of U.S. small business owners say the election will have an impact on the U.S. economy; 79% of both groups expect an impact on job creation; and 64% and 67%, respectively, expect an impact on the global economy.
- Asked what guidance they would offer the next U.S. President and Congress, CEOs and U.S. small business owners focus on reducing regulation and the size of government and reducing or keeping corporate taxes low.
- Select CEO comments:
- aCut taxes and develop globally competitive, comprehensive corporate and individual tax reform (to) unleash a flood of available capital for deployment into the economy.a
- aReduce debt and the deficit, compliance and regulatory costs, and entitlements over the long term.a
- aInvest in people, in education, in innovation.a
- Select U.S. small business owner comments:
- aCreate a stable environment where it is easier to predict future employment costs and other business taxes.a
- aProvide matching investment tax incentives of up to 50% to early stage investors who invest in qualified new businesses certified by each state.a
- aEasier and greater access to capital, including loans for SME.a
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About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: [ http://www.nyx.com ].