Abstract

UK firms have been involved in the price fixing crime that results into increased, decreased or even stabilization of the goods and services prices. The study aims to investigate the collusive behavior that is achieved on the basis of dynamics and stability of corporate governance among UK firms. A total of 150 firms have been included in the study. The study has collected information from multiple databases such as BoardsEx, ExecuComp, UK Companies House, Annual Reports and DataStream. It is associated with different databases that include board characteristics, CEO characteristics, and ownership structure between the collusive and non-collusive firms. A significant positive association has been observed between collusive behavior and qualities of corporate governance. Results have been represented as two tailed, showing different observations with their respective means and standard deviation. The study has provided brief summary of descriptive statistics, associated with the collusive behavior of collusive and non-collusive firms, in relation to the ownership structure, board characteristics, and CEO characteristics.

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