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Bourdieusian capital of Nigerian bank financial condition

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  • Jonathan Njoku

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.

Suggested Citation

  • Jonathan Njoku, 2014. "Bourdieusian capital of Nigerian bank financial condition," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 6(1), pages 55-78.
    • Handle: RePEc:ids:ijcrac:v:6:y:2014:i:1:p:55-78
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