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Monetary Understanding

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We have an understanding that when we add monetary value to something, that always changes the dynamics of things. We have always seen it as a way to incentivize to be productive in the world, and it does. But after centuries of having this system, we have an understanding that it has been long in human history that individuals will lie, cheat, and kill for monetary personal gain and neglect moral responsibility. We will spin it in any way we can to justify the personal gain as a profit." We need to pay the bills." Unfortunately this is true but this is our own doing by using the system as a collective and not caring enough to make a change. Just like bitcoin, the fiat system is based on speculation and for so long we believed and trusted in the system. We trusted and believed that this system is how we're supposed to do things in order to produce and exchange goods and services.

Social Understanding

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Now when it comes to social groups we understand that there are so many dynamics in social behavior. Being in the technology age, we see the social dynamics changed even more with social media. There have been so many benefits to using platforms like Facebook that it is now a part of our everyday lives. We use it for news, keep in touch with family and friends, emergency situations, etc., but we do see the negative outcome of social media. We see a lot of cyber bullying, cat fishing, invasion of privacy, doxxing, etc.

Since we need money to survive and live in today's society, the monetary system goes hand in hand with our social behaviors and understanding.

Social Media + Digital Currency

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Steemit is the first of its kind and has combined both aspects of a monetary system and social media platform. When combining the two, the issues for each understanding carry over to the new hybrid system.

We as a collective require a moral responsibility to the very platform we use.

There have been numerous studies to identify the relationship between corporate financial performance and corporate social performance. In one study, found that "social performance seems to be both predictor and a consequence of financial results, forming what they called a "virtuous circle"."

We have drawn upon this research to propose a model in which intangible resources, traditionally perceived to be the basis of a firm’s competitive advantage

This particular study was to help explain the relationship between corporate financial performance(CFP) and corporate responsibility performance(CRP).

CRP is conceptualized as the broad array of strategies and operating practices that a company develops in its efforts to deal with and create relationships with its numerous stakeholders and the natural environment. CRP reflects the idea that responsibilities are integral to corporate actions, decisions, behaviors, and impacts, whereas the concept of corporate social responsibility connotes the discretionary responsibilities of business.
Differences in firm performance are primarily the consequence of differences in a firm’s endowment of resources, especially intangibles, as they are difficult to acquire or develop, to replicate and accumulate, and to be imitated by competitors

The possible intangible resources are technology/innovation, human capital, reputation, and culture. Research has corroborated the positive influence of the intangible resources on the competitiveness of a firm.

Developing close relationships with primary stakeholders a firm can develop certain intangible resources—technology, human resources, reputation, and culture—which enable the most efficient and competitive use of the firm’s assets and help it to acquire a competitive advantage over its rivals.
Building a positive reputation ensures the continuing participation of stakeholders in corporate activities which is basic to "the survival and continuing profitability of the corporation."

Having a great reputation allows a firm to attract better employees, better labor commitment, better negotiation terms with investors, and build customer loyalty, all of which result in better CFP. BMW is an example of building a corporation through CRP.

In 1990, BMW initiated a ‘design-for-disassembly’ process...[through which] [b]y acting as the first mover, [the company] was able to capture the few sophisticated Ger-man dismantler firms as part of an exclusive recycling infrastructure, thereby gaining a cost advantage over competitors [...]. This move enabled BMW to build an early reputation [...] as a precursor to the introduction of its new line of design-for-environment...automobiles. Once the company had developed and demonstrated the take-back infrastructure through its exclusive BMW dismantlers and disassemblers, executives succeeded in establishing the BMW approach as the German national standard. This move required other car companies to follow BMW’s lead, but at substantially higher costs

Having a social responsible strategy can be the source of fundamental changes in the business philosophy, decision-making criteria, and ways of working together on Steemit.

CRP generates a common language among organizational actors trying to communicate about social issues, leads members to share routines to develop and implement innovative solutions, and creates formal and informal channels of interaction among stakeholder groups. Thus, by incorporating social considerations into business activities, a firm can develop a culture of innovation and collaborative relationships and mutual trust among stakeholder groups.
When social and environmental awareness becomes rooted in the company’s culture, CFP improvements follow.

Results

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Table 1 describes statistics for all variables used in the study. Variance inflation factors(VIF) had no problems in the data. Table 1 also shows the positive associations between intangibles and both measures of performance.

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The remainder of the results are 2 test models.

Model A: Mediation of intangibles in the instrumental approach.
Model B: Mediation of intangibles in the slack resources approach.

For Table 2, CRP is positively and significantly related to CFP.

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Conclusion

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After taking a look at the connection between CRP and CFP, more further research is needed to clarify how CFP and CRP operates, direction of causality, or omitted variables that intervene between the two.

In society, we don't punish someone that is earning too much money for their work. To downvote a "overrewarded" post is purely motivated by monetary understanding. My understanding for the downvote was to kind of inform the community of content that is not only harmful to others, but harmful to the platform and prevent it from being in plain view on frontend UI's like Steemit.com.

We need to care about the quality and not the quantity. The content and the content creators are in essence, "independent representatives" for the Steem blockhain. We have to care about the community that makes up the Steem blockchain and support content that will bring value not just today, but 10, 20, 100 years later where people will access content for information and knowledge. Having the corporate responsibility and understanding that corporate actions, decisions, behaviors, and impacts, are affected when those that are high up in the company lack the responsibility to even care about the content and the entire community and we see this.

Thank you for taking the time to read my post.

Sources: 1, 2

You can find the entire research here

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Thank you for taking the time to read my post.
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