This study examines the effect of transaction costs and information asymmetry on firms' capital-structure decisions in 40 countries. The findings indicate that transaction costs affect both capital-market timing and capital-structure rebalancing. Past market-timing activity has a significantly...

We re-investigate evidence for the non-equilibrium concept for rangelands using a georeferenced data base of N =83 studies published in peer-reviewed journals. Following up on a previous study by von Wehrden et al. (2012), we use their global map of rainfall variability and their method to...