Transition metals can have unpaired electrons in their compounds due to the insufficient overlap between their d electrons and the s- and p-orbitals of ligands, making covalent bond formation energetically unfavorable. This phenomenon is influenced by the multiple oxidation states of transition metals, which affects their electron configurations. The energy levels of molecular orbitals formed from these overlaps are generally higher than those of atomic orbitals, leading to unpaired electrons in certain compounds. For example, iron (III) oxide exhibits one unpaired d electron, as its d-orbitals do not align uniformly for optimal bonding. Further insights can be found in resources like ligand field theory and relevant inorganic chemistry literature.