RDP 9802: Systematic Risk Characteristics of Corporate Equity Equation (2)

r it r zt = β it ( r mt r zt )+ ε it MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBaaaleaacaWGPbGaamiDaaqabaGccqGHsislcaWGYbWaaSbaaSqaaiaadQhacaWG0baabeaakiabg2da9iabek7aInaaBaaaleaacaWGPbGaamiDaaqabaGcdaqadaqaaiaadkhadaWgaaWcbaGaamyBaiaadshaaeqaaOGaeyOeI0IaamOCamaaBaaaleaacaWG6bGaamiDaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaH1oqzdaWgaaWcbaGaamyAaiaadshaaeqaaaaa@4F2D@