Power and knowledge in the Agricultural Lending Division of the Fiji Development Bank
Deo, Hemant & Irvine, Helen J. (2006) Power and knowledge in the Agricultural Lending Division of the Fiji Development Bank. Asian Review of Accounting, 14(1/2), pp. 66-82.
Purpose of the paper: This paper exposes the gap between rationalist banking theory and actual practice within the Agricultural Lending Division of the Fiji Development Bank (FDB) by focusing on the inter-relationship between power and knowledge.
Design/methodology/approach: Data for this qualitative research project was gathered from archived documents, interviews, observation and reflection. A Foucauldian theoretical framework was used, which acknowledged the impact of social, economic and political factors within the bank’s historical context. Findings: In practice non-rationalist factors play a vital role in decision making and the development of mechanisms of accountability within the FDB. The bank’s policies and procedures have ultimately had to strike a delicate balance between the Fijian government’s development goals, profitability requirements and the formal rationalities of new public management, and the cultural realities of agricultural lending in Fiji’s traditional community-oriented society. Research implications: This study refutes a merely technocratic approach to banking research, opening up possibilities for further studies which focus on power within a socio-historic context. Practical implications: The findings of this study challenge banks to acknowledge the subjectivity of their lending processes and to improve the accountability of lending officers. Original/value of the paper: This paper demonstrates the credibility and usefulness of a theoretically driven qualitative research study in making visible issues that would otherwise be hidden.
Impact and interest:
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|Item Type:||Journal Article|
|Keywords:||Fiji Development Bank, Foucault, lending processes, power and knowledge, theory and practice, disciplinary surveillance|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Banking Finance and Investment not elsewhere classified (150299)|
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Accounting Auditing and Accountability not elsewhere classified (150199)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 2006 Emerald Publishing|
|Copyright Statement:||Reproduced in accordance with the copyright policy of the publisher.|
|Deposited On:||19 Mar 2008|
|Last Modified:||29 Feb 2012 23:42|
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