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Professional commitment of financial planners in Australia: an examination

Clayton, Bruce, Petzall, Stanley, Lynch, Barbara and Margret, Julie 2007, Professional commitment of financial planners in Australia: an examination, International review of business research papers, vol. 3, no. 2, pp. 97-116.

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Title Professional commitment of financial planners in Australia: an examination
Author(s) Clayton, Bruce
Petzall, Stanley
Lynch, Barbara
Margret, Julie
Journal name International review of business research papers
Volume number 3
Issue number 2
Start page 97
End page 116
Publisher World Business Institute
Place of publication Berwick, Vic.
Publication date 2007-06
ISSN 1832-9543
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 95% confidence level (p=0.05) 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 no statistically significant difference in their level of PC than did their male counterparts. Respondents with an external locus of control displayed lower levels of PC (p=0.05), than those with an internal locus of control but these were not statistically significant. 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.
Language eng
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2007, World Business Institute
Persistent URL http://hdl.handle.net/10536/DRO/DU:30007042

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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