The role of Junk Bonds in Corporate Finance

The paper explores the increasing significance of Junk Bonds in Corporate Finance, highlighting their role as an alternative financing method for activities like takeovers, mergers, acquisitions, and restructuring. It delves into the benefits and risks associated with Junk Bonds for both buyers and issuers, contrasting them with traditional bank credit options. By examining these dynamics, the study offers insights into how companies and investors navigate the complexities of financing in the current economic landscape, making it a relevant topic for business professionals.