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Two of the most cited papers are Sirri, E.R., Tufano, P., 1998. Costly Search and Mutual Fund Flows. Journal of Finance 53 (5). 1589–1622 and Chevalier, J., Ellison, G., 1997. Risk Taking by Mutual Funds as a Response to Incentives. Journal of Political Economy 105 (6). 1167–1200.

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