Emergency engineering reconstruction mode based on the perspective of professional donations

Area of Science:

• Engineering Management
• Corporate Social Responsibility
• Financial Markets

Background:

• Effective participation of government and construction enterprises is crucial for emergency engineering.
• Challenges exist in motivating enterprise engagement in emergency services.
• A diversified social governance model is proposed for public emergency facility construction.

Purpose of the Study:

• To analyze the stock market performance of construction enterprises before and after participating in emergency engineering.
• To investigate the impact of direct involvement and donations on corporate returns.
• To explore the mediating role of social concern in emergency donations and stock returns.

Main Methods:

• Empirical analysis of stock market returns.
• Sample data from 141 listed companies during the COVID-19 pandemic.
• Examination of direct involvement in emergency hospital construction and donation activities.

Main Results:

• Construction enterprises involved in emergency hospital construction showed higher excess returns.
• Non-state-owned enterprises participating in donations also exhibited higher excess return rates.
• Social concern positively mediated the relationship between emergency donations and stock market returns.

Conclusions:

• Stock market returns and reputation capital incentivize construction firms to participate in emergency donations.
• Professional donation behavior provides a basis for construction firms' engagement in emergency engineering.
• The study proposes an organizational model for emergency engineering construction based on "Engineering Multi-governance" theory.