Meat producers during the COVID-19 pandemic: heterogeneous measures to protect financial performance

What is it about?

Medium-sized EU meat manufacturers with lower debt levels leveraged receivables and cash to sustain sales, thereby improving solvency and operating margins during the COVID-19 crisis. Meat producers with low equity leverage faced significant financial challenges during the crisis, including difficulties in managing current liabilities, reliance on debt financing, and declining sales due to reduced credibility. The statistical significance of the negative impact of increasing trade credit highlights the vulnerability of these firms.

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