Analysis of the Potential Economic Bubble Burst in Indonesia (Case Study on Start-Up Companies)

The phenomenon of the bubble burst remains a topic of debate regarding its existence. Even though many start-up companies have implemented large-scale layoffs, the utilization of various technological facilities that emerged during the COVID-19 pandemic continues to persist. The primary objective of this research is to analyze the potential for an economic bubble in Indonesia, considering the ongoing debate among various stakeholders about its validity. This research employs a mixed-methods approach (quantitative, qualitative, and descriptive), where the influence of each variable on the other is assessed and supported by detailed explanations and discussions. Based on hypothesis testing, variables X1, X2, and X3 have a significant positive effect on Y. Similarly, variable Y has a significant positive effect on Z. However, it was found that the hypothesis regarding the occurrence of an economic bubble burst in Indonesia cannot be accepted.