In this paper, we first develop a model in which national legal environments play a crucial role in determining auditor effort and audit fees. Our model predicts that: (1) audit fees increase monotonically with the strength or strictness of a country’s legal liability regime; (2) given a legal...

Belt and Road Initiative (BRI) aspects, i.e. open trade (OT), foreign direct investment (FDI), capital formation, and information and communication technology (ICT) exports, are fundamental for any nation’s sustainable Economic Development (ED). The paper seeks to examine the effect of those...