Australian Evidence on Student Expectations and Perceptions of Introductory Business Finance

17 Pages Posted: 17 Nov 2006

See all articles by Balasingham Balachandran

Balasingham Balachandran

La Trobe University - School of Economics and Finance; Financial Research Network (FIRN)

Michael T. Skully

Monash University - Department of Banking and Finance; Financial Research Network (FIRN)

Kevin Tant

Monash University - Department of Accounting; Financial Research Network (FIRN)

John R. Watson

Monash University - Department of Accounting

Abstract

This study examines the differences in perceptions and expectations between students at the Caulfield and Peninsula campuses of Monash University with different entrance criteria and degree availability to determine whether two different introductory finance subjects should be offered rather than one. Results reported in this study suggest that students at the Caulfield campus are interested in studying a challenging introductory finance subject, whereas students at the Peninsula campus perceived that introductory finance is 'difficult'. Capital structure and cost of capital topics are statistically significantly ranked higher by Caulfield students than Peninsula students. The results reported in this study revealed that two different introductory finance subjects would be more effective. The core subject at the finance major campus (Caulfield) follows a traditional structure with more emphasis on finance theory, whereas the new subject at the non-finance campus (Peninsula) places greater emphasis on applications.

Suggested Citation

Balachandran, Balasingham and Skully, Michael T. and Tant, Kevin and Watson, John R., Australian Evidence on Student Expectations and Perceptions of Introductory Business Finance. Accounting and Finance, Vol. 46, No. 5, pp. 697-713, December 2006. Available at SSRN: https://ssrn.com/abstract=945483 or http://dx.doi.org/10.1111/j.1467-629X.2006.00193.x

Balasingham Balachandran (Contact Author)

La Trobe University - School of Economics and Finance ( email )

La Trobe University
Bundoora, Vic, 3086
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Michael T. Skully

Monash University - Department of Banking and Finance ( email )

900 Dandenong Road
Caulfield East, Victoria 3145
Australia
+61 3 9903 2407 (Phone)
+61 3 9903 1443 (Fax)

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Kevin Tant

Monash University - Department of Accounting ( email )

Building 11E
Clayton, Victoria 3800
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

John R. Watson

Monash University - Department of Accounting ( email )

Building 11E
Clayton, Victoria 3800
Australia

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