College of Civil Engineering, Yango University, Fuzhou, China.
College of Management/College of Tourism, Fujian Agriculture and Forestry University, Fuzhou, China.
PLoS One. 2022 Jun 3;17(6):e0266315. doi: 10.1371/journal.pone.0266315. eCollection 2022.
The outbreak of COVID-19 at the beginning of 2020 had a significant impact on China's economy, society, and citizens; it also had a negative impact on the development of the construction industry. In particular, small and medium-sized construction enterprises with low ability to withstand risk have been strongly impacted, aggravating a crisis of survival among these firms. The focus of this study is to analyze the impact of COVID-19 on the growth of small and medium-sized construction companies. Based on the characteristics of small and medium-sized construction enterprises, this paper establishes a growth evaluation index and builds a growth evaluation model based on factor analysis. Twenty-three construction enterprises listed on small and medium-sized enterprises board are selected as samples, and the quarterly data of 2019 and 2020 are used for empirical analysis. The results show that the epidemic has had a high short-term impact on construction enterprises, and the total output value of the construction industry in the first quarter of 2020 was 16% lower than that in the same period of last year. In the long run, the impact of the epidemic on the growth of small and medium-sized construction enterprises has been limited. In the first quarter of 2020, the growth score of enterprises decreased by only 1.95% year-over-year, and it was essentially flat in the second and third quarters. The epidemic has had little influence on solvency, tangible resources or intangible resources but a high short term influence on profitability, capital expansion and market expectations. The long-term impact is small; It is conducive to the improvement of enterprise operation ability. Finally, to both address the influence of the COVID-19 on small and medium-sized construction enterprises and to realize their transformation and upgrading, targeted suggestions are offered at the policy and enterprise levels. The results will help to understand the impact of the epidemic on the growth of construction enterprises, and provide decision support for the healthy and orderly development of the follow-up construction industry.
2020 年初 COVID-19 的爆发对中国经济、社会和公民产生了重大影响；它也对建筑行业的发展产生了负面影响。特别是风险抵御能力低的中小建筑企业受到强烈冲击，加剧了这些企业的生存危机。本研究的重点是分析 COVID-19 对中小建筑企业增长的影响。基于中小建筑企业的特点，本文建立了增长评价指标，并基于因子分析构建了增长评价模型。选取 23 家在中小板上市的建筑企业作为样本，采用 2019 年和 2020 年的季度数据进行实证分析。结果表明，疫情对建筑企业短期冲击较大，2020 年一季度建筑业总产值较去年同期下降 16%。从长期来看，疫情对中小建筑企业增长的影响有限。2020 年一季度，企业增长得分同比仅下降 1.95%，二、三季度基本持平。疫情对盈利能力、资本扩张和市场预期的短期影响较大，对偿债能力、有形资源和无形资源的影响较小。长期影响较小；有利于提高企业运营能力。最后，从政策和企业两个层面提出了有针对性的建议，以应对 COVID-19 对中小建筑企业的影响，实现其转型升级。研究结果有助于了解疫情对建筑企业增长的影响，为后续建筑行业的健康有序发展提供决策支持。
