Published date: Nov 19 2024

Journal Title: KnE Social Sciences

Issue title: The 1st International Conference on Creative Design, Business and Society (1st ICCDBS) 2023

Pages: 82–95

DOI: 10.18502/kss.v9i32.17428

Geodita Woro Bramantigeodita@mb.its.ac.idDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

Ameerah Rida XavieraDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

Sri Yayu NinglasariDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

Harisatul AgustinDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

Nugroho Priyo NegoroDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

Prahardika PrihanantoDepartment of Business Management, Faculty of Creative Design and Digital Business,Institut Teknologi Sepuluh Nopember

The start-up industry in Indonesia is receiving a lot of interest from businessmen, investors, and researchers. Reliable valuation techniques are essential for investors and business owners alike in Indonesia’s dynamic startup ecosystem. This study maps the structure of startup valuation research in the Indonesian setting using bibliometric analysis. It also examines how research subjects have changed over time and evaluates the significance of key studies. This study carefully examines the usual traits of new businesses in Indonesia, concentrating on both financial and non-financial factors. To illustrate the entire strategy adopted, start-up valuations frequently mix quantitative techniques like discounted cash flow (DCF) with qualitative assessments. There are still several calculating components that are not standardized when doing assessments at start-up. Therefore, valuation is more art than science. This bibliometric analysis delivers unique insights into research by syncing and visualizing knowledge networks, helping entrepreneurs, investors, and policy makers to comprehend the existing environment and future direction of startup assessment approaches in Indonesia. It uses co-word analysis to examine this topic’s knowledge structure. As a result, the research finds 163 journal articles related to start-up valuation. In addition, four clusters are found to describe the current state of start-up valuation: start-up, investment, venture capital and discounted cash flow.

Keywords: start-ups, Indonesia, valuation, bibliomeric analysis

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