Does motivation matter when assessing trade performance? An analysis of mutual funds

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Investors' Horizons and the Amplification of Market Shocks (2013, background): “Trading induced by investors' flows has been shown not to contain much information (Alexander, Cici, and Gibson (2007)).”
Payoff complementarities and financial fragility: Evidence from mutual fund outflows $ (2010, background): “…costs, as documented and analyzed in a large body of literature (for example, Chordia (1996), Edelen (1999), Wermers (2000), Greene and Hodges (2002), Johnson (2004), Coval and Stafford (2006), Alexander, Cici, and Gibson (2007), and Christoffersen, Keim, and Musto (2007)), are quite substantial.”
Uncovering expected returns: Information in analyst coverage proxies (2017, unknown): “…managers are also compensated based on their total assets under management ( Berk and Green, 2004 ), their ability to avoid idiosyncratic risks (e.g., Cohen et al., 2010; Huang et al., 2011 ), and from providing a liquidity service to investors (e.g., Edelen, 1999; Alexander et al., 2007 ).”