Christopher Schwarz

About

Christopher Schwarz is a Professor of Finance at the Paul Merage School of Business at the University of California Irvine. He serves as the Faculty Director for the Center for Investment and Wealth Management. His research interests include the management, disclosure, and operational risk of the investment fund industry, the impact of manager incentives and structure on investment fund performance, and the behavior of retail investors and retail market structure. His work has been published in leading academic journals such as the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and the Journal of Financial and Quantitative Analysis. Schwarz's research has been cited by prominent media outlets including the New York Times, LA Times, Wall Street Journal, Financial Times, Bloomberg, and Barron's, and has appeared on CNBC. Additionally, his research has been included in testimony before the U.S. Congress House Financial Services Committee. Prior to his tenure at UCI, he earned his Ph.D. from the University of Massachusetts Amherst, during which he was a Visiting Doctoral Fellow at Yale University's International Center of Finance. He also holds a B.S. from Babson College.

Research topics

• Medicine
• Psychology
• Internal medicine
• Pathology
• Neuroscience
• Oncology
• Biology
• Artificial Intelligence
• Business
• Computer Science

Selected publications

• Attention‐Induced Trading and Returns: Evidence from Robinhood Users

  The Journal of Finance · 2022 · 482 citations

  Senior authorCorresponding

  ABSTRACT We study the influence of financial innovation by fintech brokerages on individual investors’ trading and stock prices. Using data from Robinhood, we find that Robinhood investors engage in more attention‐induced trading than other retail investors. For example, Robinhood outages disproportionately reduce trading in high‐attention stocks. While this evidence is consistent with Robinhood attracting relatively inexperienced investors, we show that it is also driven in part by the app's un…

  PublisherDOI

• Anatomically interpretable deep learning of brain age captures domain-specific cognitive impairment

  Proceedings of the National Academy of Sciences · 2023 · 116 citations

  = 359). In individuals with MCI (54% of whom were diagnosed with dementia within 10.9 y from MRI acquisition), BA is significantly better than CA in capturing dementia symptom severity, functional disability, and executive function. Profiles of sex dimorphism and lateralization in brain aging also map onto patterns of neuroanatomic change that reflect cognitive decline. Significant associations between BA and neurocognitive measures suggest that the proposed framework can map, systematically, th…

  DOI

• A (Sub)penny For Your Thoughts: Tracking Retail Investor Activity in TAQ

  SSRN Electronic Journal · 2022 · 87 citations

  Senior authorCorresponding
  PublisherDOI

• Towards cascading genetic risk in Alzheimer’s disease

  Brain · 2024 · 11 citations

  Alzheimer's disease typically progresses in stages, which have been defined by the presence of disease-specific biomarkers: amyloid (A), tau (T) and neurodegeneration (N). This progression of biomarkers has been condensed into the ATN framework, in which each of the biomarkers can be either positive (+) or negative (-). Over the past decades, genome-wide association studies have implicated ∼90 different loci involved with the development of late-onset Alzheimer's disease. Here, we investigate wh…

  DOI

• The association between the 1H-MR spectroscopy biomarker of astrogliosis and the PET biomarker of microglia in the thalamus in multiple sclerosis

  Proceedings on CD-ROM - International Society for Magnetic Resonance in Medicine. Scientific Meeting and Exhibition/Proceedings of the International Society for Magnetic Resonance in Medicine, Scientific Meeting and Exhibition · 2025-09-16

  article

  Motivation: Thalamic innate immune activation in multiple sclerosis (MS) is implicated in neurodegeneration and thalamic atrophy, and potentially accelerating functional decline. Understanding its drivers could aid in developing targeted interventions. Goal(s): To investigate the links between thalamic innate immune activation and thalamic atrophy, using multimodal imaging metrics to explore innate immune activation and neurodegenerative mechanisms in patients with MS. Approach: We investigated…

  PublisherDOI

Recent grants

• Protecting the Confidentiality of Participants in Studies of Alzheimer's Disease and Related Dementias by Replacing Face Imagery in MRI

  NIH · $3.2M · 2021–2026

Frequent coauthors

• Clifford R. Jack

  WinnMed

  544 shared

• Matthew L. Senjem

  Mayo Clinic

  480 shared

• Val J. Lowe

  WinnMed

  417 shared

• David S. Knopman

  Mayo Clinic

  407 shared

• Ronald C. Petersen

  Mayo Clinic in Florida

  406 shared

• Kejal Kantarci

  Mayo Clinic

  329 shared

• Jonathan Graff‐Radford

  WinnMed

  310 shared

• Bradley F. Boeve

  Mayo Clinic

  273 shared

Awards & honors

• Red Rock Finance Conference, Best Paper Award (2023)
• Excellence in Teaching, Fully-Employed MBA (2012-2024)
• Utah Winter Finance Conference, Best Paper Award (2023)
• Financial Research Association (FRA), Best Paper Award (2022…
• UCI Paul Merage School of Business Faculty Service Award (20…

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