Final answer:
Issuing bonds allows a company to raise capital without giving up ownership or control to shareholders.
Step-by-step explanation:
One advantage of issuing bonds rather than issuing stock for a company is that the firm maintains control of its operations and is not subject to shareholders.
When a company issues bonds, it is borrowing money from investors and promising to pay back the principal amount along with regular interest payments. However, unlike issuing stock, the company does not give up ownership or control of the company to shareholders.
By issuing bonds, the company can raise capital without diluting ownership or losing control over decision-making processes.