Financial manager profile scale: An initial analysis

An effective diagnostic tool for profiling financial managers has been a continuing focus of work by academics and financial management professionals. This article reports the initial results of a factor analysis of 38 financial attitudes and behaviors that identified four distinct profiles: Financially Anxious Managers, Sound Financial Managers, Credit Dependent Managers, and Financially Distressed Managers. The Financial Management Profile Scale (FMPS) appears to offer promise for use by financial educators and practitioners.