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Loyalty to the profession? A study of Australian financial planners

Clayton, Bruce, Petzall, Stanley, Margret, J. and Lynch, Barbara 2006, Loyalty to the profession? A study of Australian financial planners, in Proceedings of third International Business Research Conference, World Business Institute, Melbourne, Vic..

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Title Loyalty to the profession? A study of Australian financial planners
Author(s) Clayton, Bruce
Petzall, Stanley
Margret, J.
Lynch, Barbara
Conference name International Business Research Conference (3rd: 2006: Melbourne, Vic.)
Conference location Melbourne, Vic.
Conference dates 20-26 Nov. 2006
Title of proceedings Proceedings of third International Business Research Conference
Editor(s) Hoque, Mohammad
Publication date 2006
Conference series International Business Research Conference
Publisher World Business Institute
Place of publication Melbourne, Vic.
Keyword(s) profession
professional commitment
financial planning
perceived environmental uncertainty
locus of control
Summary The purpose of this paper is to examine the demographic variables of age and gender in conjunction with three independent variables: Internal versus external locus of control personality dimension, individualist versus collectivist personality dimension, and perceived environmental uncertainty and to relate same to the professional commitment (PC) of financial planners in Australia. A questionnaire was used to survey a sample of 312 financial planners nationally, with a 36% response rate and statistically significant results. At the 90% confidence level (p=0.10) respondents over the age of 35 demonstrated no difference between their levels of professional commitment than did those under the age of 35, while at the same level of confidence, females demonstrated a statistically significant higher level of PC than did their male counterparts. Respondents with an external locus of control displayed lower levels of PC (p=0.10) that those with an internal locus of control. These findings contribute to our understanding of the professional commitment of financial planners, and are important from a public policy perspective in an era of increasing attention to, and likely increased regulation of, the financial planning industry.
Notes Reproduced with the kind permission of the copyright owner.
ISBN 064646759X
9780646467597
Language eng
Field of Research 150305 Human Resources Management
HERDC Research category E1 Full written paper - refereed
Copyright notice ©2006, World Business Institute
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006010

Document type: Conference Paper
Collections: School of Accounting, Economics and Finance
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