Dow Jones Industrial Average

The original Jones model of non-discretionary accruals was developed by J. Jones in a 1991 paper in which she asserted that firms under the scope for import relief would engage in income-reducing earnings management.

It is a cross-sectional regression model:

Non-discretionary accruals = OLScoeff(1)(1/Assets) + OLScoeff(2)(chg in Rev) + OLScoeff(3)(gross PPE) + error of estimates

This original model has been refined many times to include the modified-Jones model which tweaks the second factor changing it from OLScoeff(2)(chg in Rev - chg in Rcvbls)

Both are among the several regression tests for earnings management but the limitation of all regression tests of EM is that (1) the power of the tests are generally low (partially explain variation if and when detected), and (2) they are all ex post measures (lagging).

Additional models include the industry model and the Healy model.

No, they are not brothers. Or cousins. Or any such relation. Despite the fact they both look so alike, both from Wales and have the same surname (but come on Jones is like the most common Welsh surname!) they are not related.

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The Dow Jones Industrial is important because it us a broad group of 30 different stocks in various sectors that give us a general snapshot of the marketplace as a whole. These include, but are not limited to, housing, energy, tech and consumer goods.

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because it is the average of the 30 companies in it and it has been proven that what is happening in those 30 companies is whats happening overall in the stock market

The Dow Jones Industrial Average is probably the most widely followed index that measures how the stock market is performing. The Dow Jones Industrial Average has been in use since being constructed by Charles Dow in 1896. Although the index consists of only 30 large blue chip companies, over time the Dow Jones has been a remarkably accurate barometer of the overall performance of the stock market. The Dow Jones average is maintained by private companies who determine which companies to add or delete from the Dow Jones index components. The keepers of the Dow Jones strive to include stocks that best represent the overall US economy.

The Dow Jones Average is sometimes criticized for being calculated on a price-weighted basis since the price change of a stock with a high price will have more of an impact on the Dow than a lower priced stock. Nonetheless, the Dow Jones Industrial Average has withstood the test of time and it is unlikely that the method of calculating daily changes in the Dow Jones will be changed.

Almost all of the companies included in the Dow Jones would be recognized by most Americans due to their size and interaction with millions of consumers on a daily basis. Some of the most widely recognized companies in the Dow Jones Index include American Express, AT&T, Coca-Cola, General Electric, The Home Depot, IBM, Johnson & Johnson, Nike, Procter & Gamble, Travelers, Verizon, Wal-Mart, and Walt Disney.

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The Dow Jones Industrial Average is one of several Indices created using a collection of stocks, which are changed over time. The DJIA is based on 30 top companies in the US.

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The Dow Jones Industrial Average is an index comprised of 30 large, publicly traded companies based in the U.S. The DJIA is a price-weighted average which gives more influence to higher priced stocks, making it a questionable indicator of market performance compared to the broader, market-value weighted indices such as the S&P 500 and Wilshire 5000.

Dow Jones is less commonly known as Dow Jones Industrial Common. Dow Jones is a stock market index, created by Charles Henry Dow.

The Dow hasn't grown very much if not went negative due to inflation of the dollar. If measured against a true commodity, Gold for instance one share of the Dow would buy less gold today than it would have in 1975.

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Both companies have names related to the last names of their founders but they are not related. There is no connection other than the fact the founders had the same last name.

The Dow Jones Industrial Average currently contains the following companies (with the stock's ticker symbol in parentheses):

3M (MMM)

Alcoa (AA)

American Express (AXP)

AT&T (T)

Bank of America (BAC)

Boeing (BA)

Caterpillar (CAT)

Chevron (CVX)

Chrysler Automotives

Coca-Cola (KO)

DuPont (DD)

ExxonMobil (XOM)

General Electric (GE)

Hewlett-Packard (HPQ)

The Home Depot (HD)

Intel (INTC)

IBM (IBM)

Johnson and Johnson (JNJ)

JP Morgan Chase (JPM)

Kraft Foods (KFT)

McDonald's (MCD)

Merck (MRK)

Microsoft (MSFT)

Pfizer (PFE)

Procter and Gamble (PG)

Travelers Companies (TRV)

United Technologies (UTX)

Verizon Communications (VZ)

Walmart (WMT)

Walt Disney (DIS)

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It was founded by three men - Charles Dow, Edward Jones and Charles Bergstresser, hence the name Dow Jones and Co.

9387.61 was the close.

general electric

The stock market was not open on 12/31/2011 because that was a Saturday. The Dow Jones Industial Average closed on Friday December 30, 2011 at 12217.56.

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The stock values of all 30 companies are added up and divided by 0.12283402, the new divisor.

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