Mahasuar, K (2023) COVID-19 and its impact on Indian construction industry: An event study approach. Construction Management and Economics, 41(5), pp. 428-444. ISSN 01446193
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction and real estate; coronavirus; COVID 19; pandemic; stock market |
| Index terms: | window, strategy, COVID-19, coronavirus, India, construction industry, real estate, pandemic, investor, recovery |
| Subjects: | real estate economics, operations management, Geography, architectural elements, management, health risk and incident analysis, industry analysis, sociology, health conditions and diseases |
| Topics: | Stakeholder Management, Health and Safety, Business Strategy, Geographical Context, Project Management, Research Practice, Urban Studies, Design Practice |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here