Optimism Among CFOs up in Asia

Optimism among Chief Financial Officers is up in Asia, nearly as high as in the U.S., according to the latest Duke University/CFO Global Business Outlook.

Difficulty attracting employees, currency risk, and falling employee productivity are top concerns of CFOs, according to the study.

About one-third of firms say uncertainty about economic growth and tax policy are greater than normal but few Asian firms are slowing expansion plans in response.

Too much uncertainty and overly optimistic projections are primary reasons that some value-creating projects are not always pursued (in addition risk being too high and the project not being core to the firm's strategies).

Meanwhile, 5 percent rise in capital spending and 2.7 percent growth in employment are expected, according to the report.

 

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