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A CASE OF MISTAKEN IDENTITY: THE USE OF EXPENSE/REVENUE RATIOS TO MEASURE RATIOS TO MEASURE BANK EFFICIENCY
Author(s) -
Osborne Jon
Publication year - 1995
Publication title -
journal of applied corporate finance
Language(s) - English
Resource type - Journals
eISSN - 1745-6622
pISSN - 1078-1196
DOI - 10.1111/j.1745-6622.1995.tb00287.x
Subject(s) - measure (data warehouse) , revenue , plan (archaeology) , business , key (lock) , finance , identity (music) , economics , actuarial science , computer science , computer security , archaeology , database , history , physics , acoustics
First Interstate Bancorp, in announcing the next phase of its ongoing strategic plan, said its goal is to move its 1995 expense/revenue ratio to 58% from 65·7% in 1993. The expense/revenue ratio is considered to be a key measure of a bank's operating efficiency.