Almost nine out of 10 chief executive officers of major companies agree that new U.S. government regulations are having a substantial effect on investment and hiring, according to a Business Roundtable (BRT) survey released Tuesday.
Of the 122 BRT member CEOs who participated in the “CEO Economic Outlook Survey” for the first quarter of 2014, 89 percent of them told the association the complexity and cost of new regulations had either a “very” or “moderately” significant effect on how much money their companies invest and how many employees they hire in the U.S. each year. Only 11 percent of the CEOs said regulation had no effect.
The questions about the effect of new regulations on investment and hiring were a new part of BRT’s survey, which the group conducts quarterly. But CEOs told the association last quarter the regulations are their top financial concern.
Affiliate publication Corporate Counsel has more.