The Big Four: Multiple Functions and Power in Global Value Chains

Many believe that the Big Four are simply global accounting firms with a large menu of additional services. Using both quantitative and qualitative data, we show that their role in the world political economy extends much beyond such description. We argue that the Big Four play a coordinating role in the organization and expansion of global value chain (GVC) in multiple territories, value-chain segments and at multiple scales. Building on the literature of the multidimensionality of power in the GVC, we investigate the multiple dimensions through which the power of the Big Four is exercised. Uncovering the power manifestations of the Big Four as global actors, the article contributes both empirically and conceptually to the dialogue among the literatures on the international political economy, critical accounting and GVC.