Bourdieusian capital of Nigerian bank financial condition

Autor:	Jonathan Njoku
Rok vydání:	2014
Předmět:	Finance Capital adequacy ratio Financial capital Individual capital business.industry Capital (economics) Economic capital Economics Capital requirement Cultural capital business Capital formation
Zdroj:	International Journal of Critical Accounting. 6:55
ISSN:	1757-9856 1757-9848
DOI:	10.1504/ijca.2014.060137
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::40583bba8ff3c60e4923982d7e22df7f https://doi.org/10.1504/ijca.2014.060137 Zobrazit plný text záznamu