Global public company CEOs are expecting the “Trump Effect” to bolster increased hiring and spur greater investment, according to a survey released last week. 

The poll from Teneo, a global advisory firm, found that following President-elect Trump’s win over Vice President Harris in the 2024 presidential election, some 43 percent of chief executives are planning to increase domestic investment spending, while another 34 percent are planning to increase hiring at their companies. 

More than a third of the executives, 36 percent, said their business strategy following Trump’s victory includes increasing and speeding up international investments. 

About 20 percent of the CEOs said they are pausing or slowing down hiring, and 18 percent of the chief executives said they are halting or slowing down international investments.

Some 17 percent of CEOs said they are not changing their business strategy after Trump’s win. 

Trump’s proposal of cutting taxes and easing regulations is igniting optimism among executives, according to the survey. More than 64 percent of the respondents said these developments will be a positive influence on their business. 

Mid-cap companies, which have a market capitalization between $2 billion and $10 billion, are expressing more optimism about labor costs and tariffs than their large-cap equivalents. The poll found that 80 percent of executives of mid-cap companies think an increase of tariffs on imported goods to the U.S. will be a positive development. Only 13 percent of large-cap CEOs said the same. 

“This tension highlights the dual impact of such policies, which may create challenges for many businesses, but also may open opportunities for a subset of companies that benefit from reduced competition,” the survey’s authors wrote.

The survey has views of more than 300 global public company CEOs and 380 international investors.