Previous Research LITERATURE REVIEW

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B. Previous Research

Research conducted Kajananthan, 2013 with the title of research Liquidity and Capital Structure: Special reference to Sri Lanka Telecom Plc indicates that liquidity has a significant impact on the debt to equity in the capital structure. Chikashi Tsuji 2013 with the title of research Corporate Solvency and Capital Structure: The Case of the Electric Appliances Industry Firms of the Tokyo Stock Exchange shows that there is a negative relationship between the companys solvency capital structure of Electric Appliances Industry Firms of the Tokyo Stock Exchange. In the study conducted by Devi Yovin and Ni Putu Santi Suryantini 2012 with the title of Factors Influencing Capital Structure Of Foods And Beverages At Company Listed on the Indonesian Stock Exchange indicates that the variable asset structure and size of the company and significant positive effect on the capital structure, while profitability has negative and significant effect on the capital structure with the value t count t table. 49 Table 2.1 Previous Research Summary Researcher Name Research Title Independent Variables Tools Differences Research Equation Research Research result Kajananthan, R 2013 Liquidity and Capital Structure: Special reference to Sri Lanka Telecom Plc Liquidity Regression Analysis There is no Profitability, Solvency and Company Size Using the same variable, namely 1 Liquidity Significant Chikashi Tsuji 2013 Corporate Solvency and Capital Structure: The Case of the Electric Appliances Industry Firms of the Tokyo Stock Exchange Solvency Panel Regressions There is no Liquidity, Profitability and Size Company Using the same variable, namely 1 Solvency Significant negative Devi Yovin Ni Putu Santi Suryantini 2012 Factors That Influence Of Capital Structure On Foods And Beverages Company Listed in Indonesia Stock Exchange Asset Structure, Profitability and Size Company Multiple Linear Regression Analysis There is no Liquidity and Solvency Using the same two variables, namely profitability and Company Size Significant Significant Significant Hadinugroho Delisandri Analysis of Internal Profitability, asset Multiple Linear There is no liquidity, Using the same two Significant positive 50 Researcher Name Research Title Independent Variables Tools Differences Research Equation Research Research result 2012 Factors Affecting the Companys Capital Structure At Consumer Goods Sector structure, Sales growth, and Solvency Regression Analysis and Company Size variables, namely Profitability and Solvency Significant positive Significant positive Significant negative Source: Previous Studies 51

C. Framework Figure 2.1