(Bloomberg) -- The world’s largest asset managers are muscling into an academicdebate, attempting to rebut research into their market power beforelawmakers latch onto it to support investing curbs.

In a paper set for release this week, BlackRock executives led by Vice ChairmanBarbara Novick question the methodology and conclusions of academicwork that finds that asset managers’ ownership stakes in rivalcompanies can undermine competition and lead to higher prices forconsumers. The firm’s executives said it’s too early for governmentofficials to take action based on the studies.

Researchers at the University of Chicago and Yale Universityhave proposed curtailing big asset managers’ investments in a givenindustry. Another study sets out possible changes to votingrules.

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