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Developing Basic English Conversational Skills via Cooperative Learning Strategies and Realia-Based Instruction in the Community of Pandang Tak Jemu Tourism Village Maldin, Siska Amelia; Azhar, Sarah; Teresa, Amelia; Farijis, Eric; Lim, Chealsy
JURNAL KEKER WISATA Vol. 3 No. 2 (2025): JULI 2025
Publisher : PUSLITABMAS-Politeknik Pariwisata Batamc

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59193/jkw.v3i2.390

Abstract

The implementation of a community service program by lecturers from Batam Tourism Polytechnic in the Ecotourism Village of Pandang Tak Jemu aims to enhance the basic English communication skills of prospective tour guides. This initiative addresses pressing needs identified in the field, including limited vocabulary mastery, low self-confidence, and a lack of practical training. Utilizing a cooperative learning approach combined with the use of realia (authentic physical objects), the training program was designed to be interactive and contextual, incorporating activities such as role-plays, group discussions, and on-site practice within the tourist environment. The outcomes of the program demonstrated a significant improvement in participants’ speaking abilities, particularly in welcoming and providing information to foreign visitors. Beyond individual capacity building, the program also contributes to strengthening the role of the local community in community-based tourism development. Furthermore, the program exhibits potential for sustainability due to its use of relevant and easily replicable methods and learning resources that the community can independently adopt.
Asymmetric return dynamics and stock price crash risk: Evidence from a quantile regression analysis of an emerging market Arif, Unbreen; Ahmad, Bilal; Rizvi, Fizza; Azhar, Sarah
Economic Journal of Emerging Markets Volume 18 Issue 1, 2026
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol18.iss1.art9

Abstract

Purpose — Understanding extreme downside risk is particularly important in emerging equity markets, where higher market volatility, lower liquidity, and weaker information environments make stock prices more vulnerable to sudden, severe crashes. This study examines downside risk, stock price crash risk, and lower-tail return dynamics using firm-level stock return data for firms listed in the Pakistan Stock Exchange over the period 2014–2024. Method — Using panel regression and quantile regression techniques, the study investigates the determinants of crash risk and assesses the predictive role of downside risk for future equity returns. Findings — The results indicate that downside risk is strongly associated with a higher likelihood of extreme negative return realisations, while its effect on average returns remains limited. Quantile-based estimates further show that the impact of downside risk intensifies substantially in the lower tail of the return distribution, highlighting pronounced return asymmetries. These patterns persist across both financial and non-financial firms, although their magnitude varies with market conditions. Implications — The results carry important implications for investors, regulators, and risk managers concerned with downside protection and the identification of early warning signals in emerging equity markets.Originality — This study provides new firm-level evidence from an emerging equity market by jointly examining downside risk, crash risk, and return tail behaviour within a unified empirical framework by using quantile regression.