The coherent synchrotron radiations (CSR) emitted by a high-brightness electron beam during transport in a bending magnet is a double-edged sword in electron accelerators. While CSR contributes to a stronger radiation field than the incoherent radiation, it simultaneously leads to degradation of the electron beam quality. Specifically, CSR effects manifest in increases of the beam energy spread and the projected emittance, and amplification of the microbunching instability. A dedicated design of the multi-bend transport lines to mitigate CSR effects has recently become a crucial consideration in modern high-brightness electron accelerators. This paper presents analytical formulas for the CSR-induced microbunching instability gain and for the induced emittance growth in an arbitrary achromatic four-bend chicane with inclusion of both the steady-state and transient CSR effects. For the microbunching instability, an iterative method is employed to solve the integral equation for the bunching factor, providing satisfactory gain formulas. Regarding the CSR-induced emittance growth, based on the linear transfer matrices and incorporating the expressions of the CSR-induced energy spread, analytical formulas are derived for the projected emittance growth in an arbitrary four-bend transport section. The analytical formulas are compared and show good agreement with semi-analytical Vlasov calculations and particle tracking simulations. As an application, the obtained analytical formulas are applied to evaluate the CSR effects in the design of a general achromatic four-bend bunch compressor chicane, providing a quick estimate on the microbunching gain and the induced emittance growth. From the widely adopted symmetric C-shape chicane to a non-symmetric S-shape chicane, a design recently proposed by the co-authors, our analytical formulas offer insight into the evolution of the microbunching gain and the emittance growth with the variations of design parameters. In comparison to the time-consuming, full numerical particle tracking simulations currently employed for CSR effect analyses, the analytical formulas presented in this paper significantly reduce the evaluation time, enabling systematic study of parametric dependencies and comprehensive optimization with inclusion of CSR effects within specified design parameter ranges.