The problem is, money raised from investors can be used by the company freely, without pressure to return it, while borrowed money must eventually be paid back.
問題是，把股票賣給投資大眾而籌來的資金，雖然有了盈餘要與「外人」分享，但沒有償債壓力，企業可以安心發展；借來的錢，除了要付利息，也終歸要還。