Media Contact: [email protected] (email)
Other Contact Info: My CV

Research Interests:

  • Crowdfunding
  • Entrepreneurial Finance
  • Entrepreneurial Resource Acquisition
  • Entrepreneurial Narratives
  • Entrepreneurial Leadership
  • Organizational Structure & Theory
  • Social Entrepreneurship
  • Venture Capital
  • Venture Finance

Teaching Interests:

  • Entrepreneurial Finance
  • Entrepreneurial Management
  • Entrepreneurship
  • Entrepreneurial Leadership & Teams
  • Business Strategy
  • Strategic Management
  • Venture Financial Management
  • Venture Capital Valuation

New Work: Recent Crowdfunding Research, Work on Entrepreneurial Finance, & Entrepreneurship Research

View this Paper on Google ScholarView this Paper on Research GateDownload PDF of this Paper (Authors' Self-Archive of Post-Print)

Alert and Awake: Role of alertness and attention on rate of new product introductions. Journal of Business Venturing. https://doi.org/10.1016/j.jbusvent.2020.106023 – Srivastava S, Sahaym A, Allison TH. 2020 (in press)

View this Paper on Google ScholarView this Paper on Research GateDownload PDF of this Paper (Authors' Self-Archive of Post-Print)

Making a Contribution to Entrepreneurship Research by Studying Crowd-Funded Entrepreneurial Opportunities. Entrepreneurship Theory and Practice. https://doi.org/10.1177/1042258719888640 – Pollack JM, Maula M, Allison TH, Renko M, Günther CC. 2019

View this Paper on Google ScholarView this Paper on Research Gate
View this Paper on Google ScholarView this Paper on Research GateDownload PDF of this Paper (Authors' Self-Archive of Post-Print)

The power of positivity? The influence of positive psychological capital language on crowdfunding performance. Journal of Business Venturing, 33(4): 470-492. doi.org/10.1016/j.jbusvent.2018.03.003 – Anglin AH, Short JC, Drover W, Stevenson RM, McKenny AF, Allison TH. 2018.

View this Paper on Google ScholarView this Paper on Research GateDownload PDF of this Paper (Authors' Self-Archive of Post-Print)

Persuasion in Crowdfunding: An Elaboration Likelihood Model of Crowdfunding Performance. Journal of Business Venturing, 32(6): 707-725. doi: 10.1016/j.jbusvent.2017.09.002 – Allison TH, Davis BC, Webb JW, Short JC. 2017.

View on Google ScholarView on Research Gate

Kickstart OR Jumpstart? Understanding Women Entrepreneurs’ Crowdfunding Performance. In A Research Agenda for Women and Entrepreneurship. Edward Elgar. doi: 10.4337/9781785365379. – Srivastava S, Oo P, Sahaym A, Allison TH. 2018.

Please see the research page for full citations.

>>List of All Research

The Crowdfunding Research Stream: Origins, Purpose, and Future Trends

Research on entrepreneurial finance and entrepreneurial resource acquisition is vital to bringing equal access to all, supporting diversity, and developing social entrepreneurship and strong entrepreneurial ecosystems. There are many nascent entrepreneurs with promising ideas who simply lack the funds to start and form a business. One’s own wealth tends to be highly correlated with that of family and friends. Thus, friends and family are often not able to help.

Crowdfunding is a wonderful and exciting development. Crowdfunding can often provide a bridge from idea to enterprise for entrepreneurs who struggle to get funded through traditional channels. Understanding crowdfunding is currently the focus of my research program.

About Tom Allison:Dr. Thomas H. Allison is an associate professor of entrepreneurship in the Neeley School of Business at TCU. He received his PhD from the University of Oklahoma. His research centers on entrepreneurial finance; novel forms of entrepreneurial resource acquisition, including crowdfunding; and the effects of narrative, rhetoric, and emotional expression on investment decisions. An entrepreneur before earning his Ph.D., he researches, teaches, and loves to talk about how entrepreneurs get the money they need to start and grow their businesses.

>>Full Biography & About

In the News: New and Recent Media Mentions:

WalletHub – Best Small Cities to Start a Business

Recently Read: Other Teams’ Recent Crowdfunding & Entrepreneurial Finance Research


A woman’s place is in the… startup! Crowdfunder judgments, implicit bias, and the stereotype content model
MA Johnson, RM Stevenson, CR Letwin – Journal of Business Venturing, 2018

Narcissistic Rhetoric and Crowdfunding Performance: A Social Role Theory Perspective
M Wolfe, JC Short, A McKenny, AH Anglin, R Pidduck Journal of Business Venturing. 2018.
“Drawing from clinical and organizational narcissism research, we develop a novel measure of narcissistic rhetoric, investigating its prevalence in a sample of 1863 crowdfunding campaigns. An experiment using 1800 observations further validates our measure and confirms our hypothesized inverted-U relationship between narcissistic rhetoric and crowdfunding performance. Leveraging social role theory, we explore sex, sexual orientation, and race as potential moderators of this relationship. Moderation tests reveal LGBTQ entrepreneurs generally yield greater performance when using narcissistic rhetoric than heterosexuals while racial minorities underperform Caucasians using narcissistic rhetoric. Our findings suggest successful crowdfunding campaigns must balance narcissistic rhetoric with entrepreneurs’ perceived social roles.”

Small business online loan crowdfunding: who gets funded and what determines the rate of interest?
R Kgoroeadira, A Burke, A van Stel – Small Business Economics, 2018.
“The advent of online peer-to-peer crowdfunding presents a new type and source of
finance for small firms. This raises the question of whether this innovation makes any
difference to the type of business that can secure funding and the amount that they pay for…”

Funders’ positive affective reactions to entrepreneurs’ crowdfunding pitches: The influence of perceived product creativity and entrepreneurial passion
BC Davis, KM Hmieleski, JW Webb… – Journal of Business Venturing, 2017.
“This study draws upon affective events theory, research regarding funders’
perceptions, and research regarding expectation alignment between products and their
presenters to develop and test an indirect effects model of crowdfunding resource allocation…” PDF