COVID-19 and its impact on Indian construction industry: an event study approach

IF 3 Q2 BUSINESS

Construction Management and Economics Pub Date : 2023-01-09 DOI:10.1080/01446193.2022.2164789

Kiran Mahasuar

引用次数: 0

Abstract

Abstract COVID-19 has disrupted the normal course of production and livelihood activities across the world. This paper examines the short-term impact of this pandemic on one such strategically important sector, the construction industry of India. This study employs an event study approach to empirically study the market performance and response trends of the construction industry of India to the COVID-19 pandemic. The study finds that COVID-19 has negatively impacted the sector as reflected in the investors’ response during the pandemic window. Through further empirical analysis, we also find that this sector has been affected more vis-à-vis other similar industries. In addition, the study also highlights some broad recommendations and proposes a process framework with prescriptive strategies for relevant stakeholders to smoothen the post-COVID recovery process.

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2019冠状病毒病及其对印度建筑业的影响:事件研究方法

摘要新冠肺炎扰乱了世界各地正常的生产和生计活动。本文研究了这场疫情对印度建筑业这一具有重要战略意义的行业的短期影响。本研究采用事件研究方法，实证研究印度建筑业对新冠肺炎疫情的市场表现和应对趋势。研究发现，新冠肺炎对该行业产生了负面影响，这反映在投资者在疫情窗口期间的反应中。通过进一步的实证分析，我们还发现，与其他类似行业相比，该行业受到的影响更大。此外，该研究还强调了一些广泛的建议，并为相关利益相关者提出了一个流程框架，其中包含规范性战略，以使新冠肺炎疫情后的恢复过程更加顺利。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Construction Management and Economics BUSINESS-

CiteScore

7.50

自引率

14.70%

发文量

期刊介绍： Construction Management and Economics publishes high-quality original research concerning the management and economics of activity in the construction industry. Our concern is the production of the built environment. We seek to extend the concept of construction beyond on-site production to include a wide range of value-adding activities and involving coalitions of multiple actors, including clients and users, that evolve over time. We embrace the entire range of construction services provided by the architecture/engineering/construction sector, including design, procurement and through-life management. We welcome papers that demonstrate how the range of diverse academic and professional disciplines enable robust and novel theoretical, methodological and/or empirical insights into the world of construction. Ultimately, our aim is to inform and advance academic debates in the various disciplines that converge on the construction sector as a topic of research. While we expect papers to have strong theoretical positioning, we also seek contributions that offer critical, reflexive accounts on practice. Construction Management & Economics now publishes the following article types: -Research Papers -Notes - offering a comment on a previously published paper or report a new idea, empirical finding or approach. -Book Reviews -Letters - terse, scholarly comments on any aspect of interest to our readership. Commentaries -Obituaries - welcome in relation to significant figures in our field.