We also surveyed approximately 9,000 U.S. CFOs
(and 10,000 European and Asian CFOs) and received 549
(664) responses. The CEO sample upon which most of our
analysis is based has an 11% response rate, which is typical
of recent survey response rates; the CFO 6% response rate
is similar to the response on the quarterly CFO survey that
relies on the same email lists.10