Note(s): This table presents regression results for long-term firm performance after the commitment period. The independent variable LS_AVG is measured as the average labor share over the commitment period. The dependent variables in Columns (1) and (2) are the return on total assets of RM firms in the first and second years after the performance-commitment period (ROA_P1 and ROA_P2), respectively. See Appendix A for variable definitions. We restrict our sample to RM firms (78 RM firms). The t-statistics based on robust standard errors clustered by firms are presented in parentheses beneath each estimate. ***, ** and * indicate two-tailed statistical significance at the 1%, 5% and 10% levels, respectively