Manajemen | Fakultas Ekonomi Universitas Maritim Raja Ali Haji joeb.83.3.153-158
Journal of Education for Business
ISSN: 0883-2323 (Print) 1940-3356 (Online) Journal homepage: http://www.tandfonline.com/loi/vjeb20
Relationship Between Use of Online Support
Materials and Student Performance in an
Introductory Finance Course
Ernest N. Biktimirov & Kenneth J. Klassen
To cite this article: Ernest N. Biktimirov & Kenneth J. Klassen (2008) Relationship Between
Use of Online Support Materials and Student Performance in an Introductory Finance Course,
Journal of Education for Business, 83:3, 153-158, DOI: 10.3200/JOEB.83.3.153-158
To link to this article: http://dx.doi.org/10.3200/JOEB.83.3.153-158
Published online: 07 Aug 2010.
Submit your article to this journal
Article views: 37
View related articles
Citing articles: 7 View citing articles
Full Terms & Conditions of access and use can be found at
http://www.tandfonline.com/action/journalInformation?journalCode=vjeb20
Download by: [Universitas Maritim Raja Ali Haji]
Date: 11 January 2016, At: 23:05
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
RelationshipBetweenUse
ofOnlineSupportMaterials
andStudentPerformanceinan
IntroductoryFinanceCourse
ERNESTN.BIKTIMIROV
KENNETHJ.KLASSEN
BROCKUNIVERSITY
ONTARIO,CANADA
ABSTRACT.Theauthorsexaminedthe
relationshipbetweenstudentonlineactivity,
includingaccesstospecificcoursematerials,andperformanceinatraditionalfaceto-faceintroductoryfinancecoursethata
classWebsitesupported.Theauthorsused
6measures:(a)totalhits,(b)hitconsistency,(c)numberofuniquefilesthatthestudentsaccessed,(d)accessestohomework
solutions,(e)accessestoPowerPointslides,
and(f)accessestoexamsolutions.Results
indicatedthataccesstohomeworksolutionsand,tolesserextent,hitconsistency,
werebothpositivelyrelatedtostudentperformance.Inaddition,resultsshowedthat
accesstospecificfiles,ratherthanaccess
toonlinecoursematerialsingeneral,was
associatedwithbetterstudentperformance.
Keywords:courseWebsite,finance,hits,
homework,studentperformance
Copyright©2008HeldrefPublications
T
echnology has become an integralpartofteachingandlearning
in many business courses. Researchers expect this trend to continue in the
future, partly because of the high percentageofjuniorfacultymembersusing
more advanced classroom technology
(Cudd, Tanner, & Lipscomb, 2004).
Also,itisrelativelystraightforwardnow
forinstructorstoplacecoursematerials
online because of the ease of creating
one’sownWebsiteorofusingpreestablished software (i.e., a course-management system such as WebCT [Version
CE6]orBlackboard[VersionCE6]).
The underlying assumption behind
this rise in educational use of technology is that it benefits student learning.
However, the empirical examination of
this assumption in education research
has been limited. Although more and
more researchers have examined the
effectiveness of completely online
courses,thereisalackofresearchinto
the more common hybrid courses that
useonlinematerialstosupplementtraditionalface-to-faceteaching(Baugher,
Varanelli,&Weisbord,2003).
In this study, we extended the earlier research in three areas. First, we
examined the value of online support
materialsinahybridcourse,ratherthan
acompletelyonlinecourse.Second,we
specifically analyzed hits to different
course materials, such as solutions to
homeworkproblems,PowerPointslides,
andsolutionstoexams.Last,weuseda
moreaccuratemeasureofstudents’total
hits by measuring access to specific
course materials rather than hits to the
coursehomepage.
LiteratureReview
Increasing use of technology in
financeinstructionhasinspiredagrowingbodyofresearchinthisarea,coveringvariousaspects.VanNess,VanNess,
and Adkins (2000) examined student
performanceinanintroductoryfinance
courseandfoundthatstudentswhotook
coursesonlinemorelikelynottocompletethecoursethanwerestudentswho
tookcoursesinthetraditionalclassroom
setting.Theyalsofoundthattherewas
nodifferenceinstudentgradesbetween
the two types of settings. In contrast,
AnstineandSkidmore(2005)examined
student performance in statistics and
economics courses and found that the
online environment produced inferior
learning outcomes relative to the traditionalenvironment.
ValueofCourseWebSites
Course-management systems (e.g.,
WebCT,Blackboard)havebecomemore
commonasmeanstosupplementtraditionalcoursematerials.Course-managementsystemspermitfacultymembersto
distribute course materials and provide
communicationbetweeninstructorsand
January/February2008
153
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
students. In a 2004 study, Cudd, Tanner,andLipscombreportedthat40%of
finance faculty members used coursemanagementsystems.
Wilson(2003)foundthattotalhitstothe
sitesupportedbythecourse-management
systemwereassociatedwithhigherstudent performance in the introductory
finance course. In contrast, Baugher et
al. (2003) did not find a significant
relation between total hits and student
performance in the introductory management course. The authors offered a
new measure of online course activity:
hit consistency. They suggested that if
astudentconsistentlyusestheWebsite
throughout the course, that use has a
significant positive impact on the student’scoursegrade.
In addition, researchers have examined student use of discussion boards,
whichareacommonelementofcoursemanagement systems. These boards
permit students and instructors to post
messagestoacommonareaforreading
and responding. Wilson (2003) examinedthenumberofhitstoadiscussion
boardandconcludedthattheboardsare
significant contributors to student performance,althoughlesssignificantthan
totalhitstothecourseWebsite.
Although course-management systems permit instructors to efficiently
distributedifferentcourse-relatedmaterials(e.g.,homeworksolutions,PowerPointslides,examsolutions),tothebest
of our knowledge, no researchers have
examined the relation between student
access to these specific online-course
materials and student performance.
However, as we review later in this
article, some researchers have studied
the value of these materials in the traditionalenvironmentwheretheInternet
isnotused.
ValueofSpecificCourseMaterials
Education researchers have obtained
mixed results regarding homework
assignments, PowerPoint presentations, and after-exam teaching strategies. For example, although Rayburn
and Rayburn (1999) found a positive
relationbetweenhomeworkcompletion
and student performance, Peters, Kethley,andBullington(2002)showedthat
requiringgradedhomeworkhadanega154
JournalofEducationforBusiness
tiveeffectonstudents’performanceon
exams.LefcortandEiger(2003)found
no difference in performance between
students given preparatory (before
class) homework versus practice (after
class) homework. However, student
performance increased when students
who were assigned homework were
compared with students who were not
assignedanyhomework.Inthepresent
study, we contributed to this literature
by examining the relation between (a)
availability of solutions to homework
problems to students and (b) student
performance.
Agrowingbodyofresearchregarding
the effect of PowerPoint presentations
onstudentlearninghasproducedmixed
results. For example, although Bartsch
and Cobern (2003) and Lowry (1999)
concluded that PowerPoint presentations can improve student performance
compared with overhead transparencies,SzaboandHastings(2000)didnot
find that using PowerPoint presentationshelpsstudentlearning.Inaddition,
RankinandHoaas(2001)foundthatthe
use of PowerPoint presentations does
notaffectstudentperformance,student
attitudes toward the course, or student
evaluationsoftheinstructor.
Despite these mixed results, PowerPoint slides now accompany almost all
finance textbooks. With spreadsheets,
they are the most widely used teaching tools of finance faculty members
(Cuddetal.,2004).Thequestionarises
whetherinstructorsshouldmakePowerPoint slides available to students before
lectures.AsDenBeste(2003)suggested,
ifstudentshavePowerPointslidesavailablebeforeclass,theymightdecidenot
to attend lectures. In the present study,
wecontributedtothisliteraturebyexamining the relation between PowerPoint
slideavailabilityandstudentperformance
intheintroductoryfinancecourse.
Last,despitethein-classtest’sbeing
the primarily assessment tool in the
introductoryfinancecourse(Farooqi&
Saunders,2004),limitedresearchexists
onpostexampedagogicalstrategies.An
exception is Chan and Shum’s (2004)
studyofthecumulativeorreworktesting strategy, which allows students to
earn partial credit for correcting their
mistakesininitialtests.ChanandShum
suggested that the effect of this test-
ing strategy may be across disciplines
or across different academic standings
andthatstudentsmaynotstudyashard
as they should because they know that
they can rework the mistakes. In the
present study, we considered the value
of making solutions to exam problems
availabletostudents.
METHOD
Participants were 85 undergraduate
studentsintwosectionsofanintroductory finance course that was offered in
the fall 2003 semester at a mediumsizedCanadianuniversitythattheAssociation to Advance Collegiate Schools
ofBusinessInternational(AACSB)had
accredited. Of all, 5 of these students
didnottakeanycoursesatthatuniversity prior to fall 2003 and thus did not
haveagradepointaverage(GPA)atthe
university.BecauseGPAwasimportant
to the model, these 5 students were
removed from the analysis, yielding a
final sample of 80 students. The same
instructor taught both sections, using
thesamecontentandpedagogicalmethods.
Introductoryfinanceisarequirement
for undergraduate business students. It
is usually scheduled to be taken in the
students’ sophomore year. These two
sectionsincluded1freshman,66sophomores,9juniors,and4seniors.
The instructor used the WebCT
course-management system to support
traditionalclassroominstructionandto
collectdataaboutstudentonline-course
activity.Forfilesplacedincontentmodules,WebCTrecordedthedateandtime
when every student accessed each file.
Therefore,forthiscourse,allfileswere
setuponthesiteincontentmodules.
Students from both sections of the
course accessed the same WebCT site.
It contained the course syllabus, PowerPoint slides of class lectures, solutions for homework problems, and
other supporting files (e.g., solutions
forcurrentexams,solutionsforsample
exams, financial calculators’ settings,
math review). None of the above were
handed out in class except the syllabus.ThePowerPointslideswereinoutline format: Students could print and
use them to take notes during lectures.
The instructor’s observation during the
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
term indicated that most students did
printthem,althoughsomestudentsstill
attempted to take all notes in class.
Solutions for homework problems and
someotherfiles(e.g.,financialcalculators’settings,mathreview)wereposted
tothesiteatthebeginningoftheterm,
whereas some other files were posted
later.Specifically,thePowerPointslides
were posted several days before the
material was discussed in class, and
solutions to the sample and current
examswerepostedseveraldaysbefore
and after the exam day, respectively.
All files on the site were optional for
the students, so that the students could
attend class and complete all required
assignments and exams without using
thefilesoffered.
Although our using a single instructor for both sections avoided potential
confoundingeffectsofdifferentinstructors or different teaching methods, this
usemayhavelimitedthegeneralizability of the study. However, introductory
finance is a required course in many
businessprograms,anditistaughtwith
a common textbook, suggesting that
theremaybebroaderapplicability.
Variables
Coursegradeisadependentvariable
andwascomposedoftwoquizzes(10%
each), a midterm exam (30%), and a
finalexam(50%).Allregressionanalyses in this study used the course grade
asthedependentvariable.
Content hits is the total number of
times the student accessed any file in
thecontentmodulesontheWebCTsite.
Thisvariableissimilartothevariableof
totalhitsinpriorstudies(e.g.,Baugher
etal.,2003;Wilson,2003),exceptthat
content hits does not include hits to
the home page of the site. Students
must use the home page to access the
content pages, but there is no file on
the home page that can be accessed or
downloaded.
Hitconsistencymeasureshowconsistently studentsused theWebsite. Duringthe13-weeksemester,weidentified
13periodsforanalysis.Thefirstperiod
started at the first lecture and ended 1
week later at the second lecture (both
sections had lectures once a week for
3 hr), the second period started at the
secondlectureandlasted1week,andso
forthuntilthe13thweek.Thismethod
resultedin12periods.The13thperiod,
the time between the last lecture and
the final exam, was 2 weeks long. As
in Baugher et al. (2003), this variable
was calculated by assigning a 0 if the
studentdidnotaccessthesiteduringa
periodanda1ifthestudentdidaccess
it.Thesumofthesevaluesresultedina
variablethatrangedfrom0to13.
Unique files accessed is the number
ofdifferentfilesaccessedbyastudent.
Astudentcouldhaveahighnumberof
contenthitsbutaccessfewfilesthrough
theterm,whereasanotherstudentcould
access every file once and download it
immediately, having a low number of
contenthits.Therewere37uniquefiles
onthecourseWebsite.
Homework solutions measures the
numberoftheend-of-chaptertextbook-
problem solutions that the student
accessed on the course WebCT site.
Therewere12solutionsets(1foreach
chapter) to textbook problems on the
Website.Thesefileswereoptional.
PowerPointslidesmeasuresthenumberofPowerPointpresentationfilesthat
the student accessed. There were 12
files(1foreachchapter)onthecourse
WebCTsite.
Examsolutionsmeasuresthenumber
ofthestudent’saccessestosolutionsfor
thetwoquizzesandthemidtermexam.
Three files were posted shortly after
eachtestdate.
GPAisthestudent’sGPAforalluniversity courses taken prior to the fall
2003 term. Finance instructors consistentlyfindthatGPAisapositiveandsignificant variable in predicting students’
performance in finance courses (e.g.,
Didia & Hasnat, 1998; Wilson, 2003),
andthereforeweuseditasacontrolvariableinallregressions.Atthisuniversity,
GPAwasmeasuredasapercentage.
RESULTS
Table 1 presents descriptive statistics for all variables in our analysis.
Themeancoursegradeis62.28%(ora
lowC),whichisconsiderablylessthan
the mean GPA of 73.68%. This difference is not surprising because students
overwhelminglyregardtheintroductory
finance course as difficult, both before
andaftertheytakeit(Krishnan,Bathala,
Bhattacharya,&Ritchey,1999).
Students had on average of 45.95
content hits during the semester. The
mean (M = 7.74) and standard deviation(SD=2.84)ofhitconsistencywere
relativelyclosetothesamestatistics(M
= 9.05, SD = 2.65) of hit consistency
reported for the introductory managementclassbyBaugheretal.(2003).The
meanforuniquefilesaccessedindicated
thatstudentsaccessedonaverage23of
37availablefiles.TheuseofWeb-based
course materials varied considerably
among students, as evidenced by the
range(0–13)ofhitconsistencyandthe
range(0–34)ofuniquefilesaccessed.
Students accessed fewer homework
solutions than PowerPoint slides, with
bothmeanandmedianbeinglowerfor
homeworksolutions.Atthesametime,
accesstobothhomeworksolutionsand
PowerPointslidesrangedfrom0to12,
againdemonstratingawiderangeofuse
ofthematerialsbyvariousstudents.
The relatively low mean number of
accessestoexamsolutions(1.53)canbe
explainedbythefactthatthesolutions
to each exam were discussed in class.
Therefore,studentswhoperformedwell
TABLE1.DescriptiveStatisticsofStudyVariables
Variable
Coursegrade
Contenthits
Hitconsistency
Uniquefilesaccess
Homeworksolutionsaccess
PowerPointslidesaccess
Examsolutionsaccess
Gradepointaverage
M
Mdn
62.28
45.95
7.74
23.00
7.59
8.79
1.53
73.68
63.36
42.50
8.00
25.00
9.00
10.00
2.00
74.15
Minimum Maximum
12.46
0.00
0.00
0.00
0.00
0.00
0.00
50.63
98.80
156.00
13.00
34.00
12.00
12.00
3.00
95.00
SD
15.96
26.83
2.84
7.84
4.30
3.67
0.93
7.18
January/February2008
155
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
on the exam or understood the solutionintheclassdidnotneedtoaccess
the detailed solutions from the course
WebCTsite.
Table 2 presents the correlations
betweenvariables.GPAhasthehighest
correlation with course grade (.654),
whichwassignificantatp
ISSN: 0883-2323 (Print) 1940-3356 (Online) Journal homepage: http://www.tandfonline.com/loi/vjeb20
Relationship Between Use of Online Support
Materials and Student Performance in an
Introductory Finance Course
Ernest N. Biktimirov & Kenneth J. Klassen
To cite this article: Ernest N. Biktimirov & Kenneth J. Klassen (2008) Relationship Between
Use of Online Support Materials and Student Performance in an Introductory Finance Course,
Journal of Education for Business, 83:3, 153-158, DOI: 10.3200/JOEB.83.3.153-158
To link to this article: http://dx.doi.org/10.3200/JOEB.83.3.153-158
Published online: 07 Aug 2010.
Submit your article to this journal
Article views: 37
View related articles
Citing articles: 7 View citing articles
Full Terms & Conditions of access and use can be found at
http://www.tandfonline.com/action/journalInformation?journalCode=vjeb20
Download by: [Universitas Maritim Raja Ali Haji]
Date: 11 January 2016, At: 23:05
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
RelationshipBetweenUse
ofOnlineSupportMaterials
andStudentPerformanceinan
IntroductoryFinanceCourse
ERNESTN.BIKTIMIROV
KENNETHJ.KLASSEN
BROCKUNIVERSITY
ONTARIO,CANADA
ABSTRACT.Theauthorsexaminedthe
relationshipbetweenstudentonlineactivity,
includingaccesstospecificcoursematerials,andperformanceinatraditionalfaceto-faceintroductoryfinancecoursethata
classWebsitesupported.Theauthorsused
6measures:(a)totalhits,(b)hitconsistency,(c)numberofuniquefilesthatthestudentsaccessed,(d)accessestohomework
solutions,(e)accessestoPowerPointslides,
and(f)accessestoexamsolutions.Results
indicatedthataccesstohomeworksolutionsand,tolesserextent,hitconsistency,
werebothpositivelyrelatedtostudentperformance.Inaddition,resultsshowedthat
accesstospecificfiles,ratherthanaccess
toonlinecoursematerialsingeneral,was
associatedwithbetterstudentperformance.
Keywords:courseWebsite,finance,hits,
homework,studentperformance
Copyright©2008HeldrefPublications
T
echnology has become an integralpartofteachingandlearning
in many business courses. Researchers expect this trend to continue in the
future, partly because of the high percentageofjuniorfacultymembersusing
more advanced classroom technology
(Cudd, Tanner, & Lipscomb, 2004).
Also,itisrelativelystraightforwardnow
forinstructorstoplacecoursematerials
online because of the ease of creating
one’sownWebsiteorofusingpreestablished software (i.e., a course-management system such as WebCT [Version
CE6]orBlackboard[VersionCE6]).
The underlying assumption behind
this rise in educational use of technology is that it benefits student learning.
However, the empirical examination of
this assumption in education research
has been limited. Although more and
more researchers have examined the
effectiveness of completely online
courses,thereisalackofresearchinto
the more common hybrid courses that
useonlinematerialstosupplementtraditionalface-to-faceteaching(Baugher,
Varanelli,&Weisbord,2003).
In this study, we extended the earlier research in three areas. First, we
examined the value of online support
materialsinahybridcourse,ratherthan
acompletelyonlinecourse.Second,we
specifically analyzed hits to different
course materials, such as solutions to
homeworkproblems,PowerPointslides,
andsolutionstoexams.Last,weuseda
moreaccuratemeasureofstudents’total
hits by measuring access to specific
course materials rather than hits to the
coursehomepage.
LiteratureReview
Increasing use of technology in
financeinstructionhasinspiredagrowingbodyofresearchinthisarea,coveringvariousaspects.VanNess,VanNess,
and Adkins (2000) examined student
performanceinanintroductoryfinance
courseandfoundthatstudentswhotook
coursesonlinemorelikelynottocompletethecoursethanwerestudentswho
tookcoursesinthetraditionalclassroom
setting.Theyalsofoundthattherewas
nodifferenceinstudentgradesbetween
the two types of settings. In contrast,
AnstineandSkidmore(2005)examined
student performance in statistics and
economics courses and found that the
online environment produced inferior
learning outcomes relative to the traditionalenvironment.
ValueofCourseWebSites
Course-management systems (e.g.,
WebCT,Blackboard)havebecomemore
commonasmeanstosupplementtraditionalcoursematerials.Course-managementsystemspermitfacultymembersto
distribute course materials and provide
communicationbetweeninstructorsand
January/February2008
153
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
students. In a 2004 study, Cudd, Tanner,andLipscombreportedthat40%of
finance faculty members used coursemanagementsystems.
Wilson(2003)foundthattotalhitstothe
sitesupportedbythecourse-management
systemwereassociatedwithhigherstudent performance in the introductory
finance course. In contrast, Baugher et
al. (2003) did not find a significant
relation between total hits and student
performance in the introductory management course. The authors offered a
new measure of online course activity:
hit consistency. They suggested that if
astudentconsistentlyusestheWebsite
throughout the course, that use has a
significant positive impact on the student’scoursegrade.
In addition, researchers have examined student use of discussion boards,
whichareacommonelementofcoursemanagement systems. These boards
permit students and instructors to post
messagestoacommonareaforreading
and responding. Wilson (2003) examinedthenumberofhitstoadiscussion
boardandconcludedthattheboardsare
significant contributors to student performance,althoughlesssignificantthan
totalhitstothecourseWebsite.
Although course-management systems permit instructors to efficiently
distributedifferentcourse-relatedmaterials(e.g.,homeworksolutions,PowerPointslides,examsolutions),tothebest
of our knowledge, no researchers have
examined the relation between student
access to these specific online-course
materials and student performance.
However, as we review later in this
article, some researchers have studied
the value of these materials in the traditionalenvironmentwheretheInternet
isnotused.
ValueofSpecificCourseMaterials
Education researchers have obtained
mixed results regarding homework
assignments, PowerPoint presentations, and after-exam teaching strategies. For example, although Rayburn
and Rayburn (1999) found a positive
relationbetweenhomeworkcompletion
and student performance, Peters, Kethley,andBullington(2002)showedthat
requiringgradedhomeworkhadanega154
JournalofEducationforBusiness
tiveeffectonstudents’performanceon
exams.LefcortandEiger(2003)found
no difference in performance between
students given preparatory (before
class) homework versus practice (after
class) homework. However, student
performance increased when students
who were assigned homework were
compared with students who were not
assignedanyhomework.Inthepresent
study, we contributed to this literature
by examining the relation between (a)
availability of solutions to homework
problems to students and (b) student
performance.
Agrowingbodyofresearchregarding
the effect of PowerPoint presentations
onstudentlearninghasproducedmixed
results. For example, although Bartsch
and Cobern (2003) and Lowry (1999)
concluded that PowerPoint presentations can improve student performance
compared with overhead transparencies,SzaboandHastings(2000)didnot
find that using PowerPoint presentationshelpsstudentlearning.Inaddition,
RankinandHoaas(2001)foundthatthe
use of PowerPoint presentations does
notaffectstudentperformance,student
attitudes toward the course, or student
evaluationsoftheinstructor.
Despite these mixed results, PowerPoint slides now accompany almost all
finance textbooks. With spreadsheets,
they are the most widely used teaching tools of finance faculty members
(Cuddetal.,2004).Thequestionarises
whetherinstructorsshouldmakePowerPoint slides available to students before
lectures.AsDenBeste(2003)suggested,
ifstudentshavePowerPointslidesavailablebeforeclass,theymightdecidenot
to attend lectures. In the present study,
wecontributedtothisliteraturebyexamining the relation between PowerPoint
slideavailabilityandstudentperformance
intheintroductoryfinancecourse.
Last,despitethein-classtest’sbeing
the primarily assessment tool in the
introductoryfinancecourse(Farooqi&
Saunders,2004),limitedresearchexists
onpostexampedagogicalstrategies.An
exception is Chan and Shum’s (2004)
studyofthecumulativeorreworktesting strategy, which allows students to
earn partial credit for correcting their
mistakesininitialtests.ChanandShum
suggested that the effect of this test-
ing strategy may be across disciplines
or across different academic standings
andthatstudentsmaynotstudyashard
as they should because they know that
they can rework the mistakes. In the
present study, we considered the value
of making solutions to exam problems
availabletostudents.
METHOD
Participants were 85 undergraduate
studentsintwosectionsofanintroductory finance course that was offered in
the fall 2003 semester at a mediumsizedCanadianuniversitythattheAssociation to Advance Collegiate Schools
ofBusinessInternational(AACSB)had
accredited. Of all, 5 of these students
didnottakeanycoursesatthatuniversity prior to fall 2003 and thus did not
haveagradepointaverage(GPA)atthe
university.BecauseGPAwasimportant
to the model, these 5 students were
removed from the analysis, yielding a
final sample of 80 students. The same
instructor taught both sections, using
thesamecontentandpedagogicalmethods.
Introductoryfinanceisarequirement
for undergraduate business students. It
is usually scheduled to be taken in the
students’ sophomore year. These two
sectionsincluded1freshman,66sophomores,9juniors,and4seniors.
The instructor used the WebCT
course-management system to support
traditionalclassroominstructionandto
collectdataaboutstudentonline-course
activity.Forfilesplacedincontentmodules,WebCTrecordedthedateandtime
when every student accessed each file.
Therefore,forthiscourse,allfileswere
setuponthesiteincontentmodules.
Students from both sections of the
course accessed the same WebCT site.
It contained the course syllabus, PowerPoint slides of class lectures, solutions for homework problems, and
other supporting files (e.g., solutions
forcurrentexams,solutionsforsample
exams, financial calculators’ settings,
math review). None of the above were
handed out in class except the syllabus.ThePowerPointslideswereinoutline format: Students could print and
use them to take notes during lectures.
The instructor’s observation during the
Downloaded by [Universitas Maritim Raja Ali Haji] at 23:06 11 January 2016
term indicated that most students did
printthem,althoughsomestudentsstill
attempted to take all notes in class.
Solutions for homework problems and
someotherfiles(e.g.,financialcalculators’settings,mathreview)wereposted
tothesiteatthebeginningoftheterm,
whereas some other files were posted
later.Specifically,thePowerPointslides
were posted several days before the
material was discussed in class, and
solutions to the sample and current
examswerepostedseveraldaysbefore
and after the exam day, respectively.
All files on the site were optional for
the students, so that the students could
attend class and complete all required
assignments and exams without using
thefilesoffered.
Although our using a single instructor for both sections avoided potential
confoundingeffectsofdifferentinstructors or different teaching methods, this
usemayhavelimitedthegeneralizability of the study. However, introductory
finance is a required course in many
businessprograms,anditistaughtwith
a common textbook, suggesting that
theremaybebroaderapplicability.
Variables
Coursegradeisadependentvariable
andwascomposedoftwoquizzes(10%
each), a midterm exam (30%), and a
finalexam(50%).Allregressionanalyses in this study used the course grade
asthedependentvariable.
Content hits is the total number of
times the student accessed any file in
thecontentmodulesontheWebCTsite.
Thisvariableissimilartothevariableof
totalhitsinpriorstudies(e.g.,Baugher
etal.,2003;Wilson,2003),exceptthat
content hits does not include hits to
the home page of the site. Students
must use the home page to access the
content pages, but there is no file on
the home page that can be accessed or
downloaded.
Hitconsistencymeasureshowconsistently studentsused theWebsite. Duringthe13-weeksemester,weidentified
13periodsforanalysis.Thefirstperiod
started at the first lecture and ended 1
week later at the second lecture (both
sections had lectures once a week for
3 hr), the second period started at the
secondlectureandlasted1week,andso
forthuntilthe13thweek.Thismethod
resultedin12periods.The13thperiod,
the time between the last lecture and
the final exam, was 2 weeks long. As
in Baugher et al. (2003), this variable
was calculated by assigning a 0 if the
studentdidnotaccessthesiteduringa
periodanda1ifthestudentdidaccess
it.Thesumofthesevaluesresultedina
variablethatrangedfrom0to13.
Unique files accessed is the number
ofdifferentfilesaccessedbyastudent.
Astudentcouldhaveahighnumberof
contenthitsbutaccessfewfilesthrough
theterm,whereasanotherstudentcould
access every file once and download it
immediately, having a low number of
contenthits.Therewere37uniquefiles
onthecourseWebsite.
Homework solutions measures the
numberoftheend-of-chaptertextbook-
problem solutions that the student
accessed on the course WebCT site.
Therewere12solutionsets(1foreach
chapter) to textbook problems on the
Website.Thesefileswereoptional.
PowerPointslidesmeasuresthenumberofPowerPointpresentationfilesthat
the student accessed. There were 12
files(1foreachchapter)onthecourse
WebCTsite.
Examsolutionsmeasuresthenumber
ofthestudent’saccessestosolutionsfor
thetwoquizzesandthemidtermexam.
Three files were posted shortly after
eachtestdate.
GPAisthestudent’sGPAforalluniversity courses taken prior to the fall
2003 term. Finance instructors consistentlyfindthatGPAisapositiveandsignificant variable in predicting students’
performance in finance courses (e.g.,
Didia & Hasnat, 1998; Wilson, 2003),
andthereforeweuseditasacontrolvariableinallregressions.Atthisuniversity,
GPAwasmeasuredasapercentage.
RESULTS
Table 1 presents descriptive statistics for all variables in our analysis.
Themeancoursegradeis62.28%(ora
lowC),whichisconsiderablylessthan
the mean GPA of 73.68%. This difference is not surprising because students
overwhelminglyregardtheintroductory
finance course as difficult, both before
andaftertheytakeit(Krishnan,Bathala,
Bhattacharya,&Ritchey,1999).
Students had on average of 45.95
content hits during the semester. The
mean (M = 7.74) and standard deviation(SD=2.84)ofhitconsistencywere
relativelyclosetothesamestatistics(M
= 9.05, SD = 2.65) of hit consistency
reported for the introductory managementclassbyBaugheretal.(2003).The
meanforuniquefilesaccessedindicated
thatstudentsaccessedonaverage23of
37availablefiles.TheuseofWeb-based
course materials varied considerably
among students, as evidenced by the
range(0–13)ofhitconsistencyandthe
range(0–34)ofuniquefilesaccessed.
Students accessed fewer homework
solutions than PowerPoint slides, with
bothmeanandmedianbeinglowerfor
homeworksolutions.Atthesametime,
accesstobothhomeworksolutionsand
PowerPointslidesrangedfrom0to12,
againdemonstratingawiderangeofuse
ofthematerialsbyvariousstudents.
The relatively low mean number of
accessestoexamsolutions(1.53)canbe
explainedbythefactthatthesolutions
to each exam were discussed in class.
Therefore,studentswhoperformedwell
TABLE1.DescriptiveStatisticsofStudyVariables
Variable
Coursegrade
Contenthits
Hitconsistency
Uniquefilesaccess
Homeworksolutionsaccess
PowerPointslidesaccess
Examsolutionsaccess
Gradepointaverage
M
Mdn
62.28
45.95
7.74
23.00
7.59
8.79
1.53
73.68
63.36
42.50
8.00
25.00
9.00
10.00
2.00
74.15
Minimum Maximum
12.46
0.00
0.00
0.00
0.00
0.00
0.00
50.63
98.80
156.00
13.00
34.00
12.00
12.00
3.00
95.00
SD
15.96
26.83
2.84
7.84
4.30
3.67
0.93
7.18
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on the exam or understood the solutionintheclassdidnotneedtoaccess
the detailed solutions from the course
WebCTsite.
Table 2 presents the correlations
betweenvariables.GPAhasthehighest
correlation with course grade (.654),
whichwassignificantatp