Confidence among CEOs has risen 22 percent in the last three months, according to a study released on Thursday.
"CEO confidence appears surprisingly high considering the prevailing poor economic conditions in 2009," said Merchantec Capital's Craig Margolius in a statement.
"It seems as if interest rate cuts and global liquidity easing have had a positive effect on CEO confidence."
The rate cuts and easing of money flow have made CEOs more confident with regards to raising capital and financing debt. The study said 39 percent of CEOs were confident about obtaining debt, an increase from 23 percent in the second quarter.
There was, however, only a relatively small rise in the number of CEOs who intended increasing the level of investment in their companies.
"CEOs are cautiously optimistic and may be looking abroad for true signs of a global recovery before they commit more funds."
Regarding growth in the next six months, 46 percent of CEOs asked said they believed conditions would improve in their respective industries. This was an improvement from 26 percent in the second quarter.
The most dramatic improvement in CEO outlook was in the finance industry, which had a 67 percent increase over the previous quarter.
Over 100 CEOs from various industries took part in the survey.
"CEO confidence appears surprisingly high considering the prevailing poor economic conditions in 2009," said Merchantec Capital's Craig Margolius in a statement.
"It seems as if interest rate cuts and global liquidity easing have had a positive effect on CEO confidence."
The rate cuts and easing of money flow have made CEOs more confident with regards to raising capital and financing debt. The study said 39 percent of CEOs were confident about obtaining debt, an increase from 23 percent in the second quarter.
There was, however, only a relatively small rise in the number of CEOs who intended increasing the level of investment in their companies.
"CEOs are cautiously optimistic and may be looking abroad for true signs of a global recovery before they commit more funds."
Regarding growth in the next six months, 46 percent of CEOs asked said they believed conditions would improve in their respective industries. This was an improvement from 26 percent in the second quarter.
The most dramatic improvement in CEO outlook was in the finance industry, which had a 67 percent increase over the previous quarter.
Over 100 CEOs from various industries took part in the survey.