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All Journal Jurnal Manajemen dan Agribisnis Jurnal Manajemen Teknologi Journal of Economics, Business, & Accountancy Ventura Gadjah Mada International Journal of Business JAM : Jurnal Aplikasi Manajemen Indonesian Journal of Business and Entrepreneurship (IJBE) MIX : Jurnal Ilmiah Manajemen Al Ishlah Jurnal Pendidikan Ideas: Jurnal Pendidikan, Sosial dan Budaya Kajian Branding Indonesia Global Research on Tourism Development and Advancement (GARUDA) Jurnal Manajemen dan Kewirausahaan International Research Journal of Business Studies
Agus Wijaya Soehadi
Universitas Prasetiya Mulya
Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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OVEROPTIMISM AND ENTREPRENEURIAL ECOSYSTEM:CITIES OF BOGOR AND DEPOK Arthur Tunggul Siahaan; Agus W. Soehadi; Ade Febransyah; Eko Suhartanto
Jurnal Manajemen dan Kewirausahaan Vol. 28 No. 1 (2026): MARCH 2026
Publisher : Management Study Program, Faculty of Business and Economics, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jmk.28.1.36-48

Abstract

Introducing innovative products and services by start-ups can positively influence a country’s competitiveness. The environment represented by the entrepreneurial ecosystem (EE) stimulates entrepreneurship and influences founders’ cognitive bias. Overoptimism has been studied as one of the main cognitive biases and found to be critical to new product development success (NPDS) or new venture performance (NVP). Nonetheless, studies on the EE influencing founders’ overoptimism remain limited. This study aims to fill this gap by investigating the influence on overoptimism of the two most prominent EE domains based on the World Economic Forum’s EE heatmap, namely the market and human capital domains. This study employs a questionnaire-based survey of 45 founders from digital start-ups in Bogor and Depok, Indonesia. The data is analyzed with partial least square structural equation modeling (PLS-SEM), finding that both EE domains significantly and positively influence overoptimism. In addition, the findings support previous studies by examining the influence of overoptimism on NPDS and NVP.
Co-Authors Ade Febransyah Ahmad Sulaeman Aji Hermawan Ambara Purusottama Annuridya Rosyidta Pratiwi Octasylva Antonius W. Sumarlin Arthur Tunggul Siahaan Ayuningtyas, Shafira Rahma Budi Suharjo Christabella Odelia Kwandy Daniel Pranajaya Dini Anggraeni Sirad Eka Ardianto Eko Suhartanto Elizabeth, Michelle Evi Sofia Faizal Ahmad Freddy Utama Fredy Utama Handyanto Widjojo Hans Nicholas Harriman Samuel Saragih Hartoyo Hartoyo Hartoyo Hartoyo Hartoyo Heny K Daryanto Herry Purnomo Hidayati, Aprihatiningrum Irman Jayawardhana Josephine Gratia Katarina O. Wijaya Lasse, Gabriela Junisa Lenia Julian Lilik Noor Yuliati Maria, Maya Muhammad Setiawan Kusmulyono Mukhamad Najib Natalia Napitupulu Novi Amelia Nurdiana, Almira Panutur, Sonny Sintong Prita Prasetya Putri, Disya Jauza Ririn Wulandari Setiadi Djohar Sujatno, Teresa Cindy Sumarlin, Antonius Widyatma Teddy Trilaksono Ujang Sumarwan Widagdo, Agus Suryo Wijanarti, Sri Widya Yane Chandera