Assessing the Impact of Intellectual Capital Components on Sustainable Growth Rate in Indonesia’s Technology Sector on 2021-2024

This study examines the effect of Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), and Structural Capital Efficiency (SCE) on the Sustainable Growth Rate (SGR) of technology sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. Firm size is included as a control variable to strengthen the robustness of the model. Using a quantitative approach, this research analyzes secondary data obtained from annual financial reports of selected companies that meet predetermined criteria. Multiple linear regression was employed to test the hypotheses. The findings show that CEE has a positive and significant effect on SGR, indicating that efficient utilization of capital employed contributes to higher sustainable growth. HCE also has a positive and significant impact on SGR, emphasizing the importance of human capital productivity. Meanwhile, SCE exhibits a non-significant effect on SGR, suggesting that structural capital does not directly influence sustainable growth in the observed period. Additionally, firm size as a control variable demonstrates a positive and significant effect on SGR. Overall, the results highlight the critical role of intellectual capital efficiency particularly CEE and HCE in driving sustainable growth within Indonesia’s technology sector.