... and non-Big 4 audit. Channel tests show that capital market liberalization improves firms’ information environment and curbs self-interested management behavior. Originality/value This research provides empirical evidence for the consequences of capital market liberalization and enriches...

...Kun Tracy Wang; Guqiang Luo; Li Yu Purpose The purpose of this study is to examine whether and how analysts’ foreign ancestral origins would have an effect on analysts’ earning forecasts in particular and ultimately on firms’ information environment in general. Design/methodology/approach...