Bourdieusian capital of Nigerian bank financial condition

Jonathan Njoku

International Journal of Critical Accounting, 2014, vol. 6, issue 1, 55-78

Abstract: This paper aims to examine the relevance of capital in constructing the reality of Nigerian bank financial condition. Cast within the Bourdeusian theory of fields, habitus and capital, this paper examines the anatomic implications of the CAMEL model that bank regulators in Nigeria use to assess the financial condition of banking firms. The result shows that symbolic capital is critical in distressed banking where habitus is costly and social and cultural capital is weak. Nonetheless, during normal banking where habitus fusion with the field of financial intermediation is healthy, the efficiency of bank cultural capital assumes more importance than the adequacy of bank symbolic capital in securing sound banking. The result suggests a strong policy lesson to regulators that big bank financial capital (symbolic capital) in the face of weaknesses in the field, habitus and cultural capital may result in big bags with holes.

Keywords: bank anatomy; bank financial condition; Bourdieus; habitus; fields; distressed banking; cultural capital; symbolic capital; sound banking; financial capital; Nigeria. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=60137 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcrac:v:6:y:2014:i:1:p:55-78

Access Statistics for this article

More articles in International Journal of Critical Accounting from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().