Mr. Prof. Dr. Felix Schindler worked for ZEW in the Unit “International Finance and Financial Management”.
Selected Publications
Articles in Refereed Journals
Woltering, René-Ojas, Christian Weis, Felix Schindler and Steffen Sebastian (2018), Capturing the Value Premium - Global Evidence from a Fair Value-Based Investment Strategy, Journal of Banking and Finance V. 86, pp. 53-69. Download
Oikarinen, Elias and Felix Schindler (2015), Momentum and Mean Reversion in Regional Housing Markets: Evidence from Variance Ratio Tests, International Journal of Strategic Property Management Volume 19, Issue 3, 220-234.
Adams, Zeno, Roland Füss and Felix Schindler (2015), The Sources of Risk Spillovers among U.S. REITs: Financial Characteristics and Regional Proximity, Real Estate Economics 43 (1), 67-100.
Kröncke, Tim-Alexander, Felix Schindler and Andreas Schrimpf (2014), International Diversification Benefits with Foreign Exchange Investment Styles, Review of Finance 18 (5), 1847-1883.
Liow, Kim Hiang and Felix Schindler (2014), An Assessment of the Relationship Between Public Real Estate Markets and Stock Markets at the Local, Regional, and Global Levels, International Real Estate Review 17 (2), 157-202.
Schindler, Felix (2014), Persistence and Predictability in UK House Price Movements, Journal of Real Estate Finance and Economics 48(1), 132-163.
Schindler, Felix (2013), Predictability and Persistence of the Price Movements of the S&P/Case-Shiller House Price Indices, Journal of Real Estate Finance and Economics 46(1), 44-90.
Kröncke, Tim-Alexander and Felix Schindler (2012), International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk, Journal of International Money and Finance 31(7), 1851-1866.
Rehkugler, Heinz and Felix Schindler (2012), Neue Regulierungen für die Finanzwirtschaft – Mögliche Auswirkungen von Solvency II und Basel III für die Attraktivität von Immobilienanlagen und die Immobilienfinanzierung, Betriebswirtschaftliche Forschung und Praxis (BFuP) 2/2012, 105-120. Download
Rehkugler, Heinz, Felix Schindler and Rafael Zajonz (2012), The Net Asset Value and Stock Prices of European Real Estate Companies – Explaining Net Asset Value Spreads by an Empirical Model –, Zeitschrift für Betriebswirtschaft (ZfB) 82, Special Issue 1-2012, 53-77.
Füss, Roland and Felix Schindler (2011), Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed-Asset-Portfolio, Perspektiven der Wirtschaftspolitik 12(2), 170-191.
Schindler, Felix (2011), Market Efficiency and Return Predictability in the Emerging Securitized Real Estate Markets, Journal of Real Estate Literature 19(1), 111-150.
Schindler, Felix (2011), Long-Term Benefits from Investing in International Securitized Real Estate, International Real Estate Review 14(1), 27-60.
Schindler, Felix, Nico Rottke and Roland Füss (2010), Testing the Predictability and Efficiency of Securitized Real Estate Markets, Journal of Real Estate Portfolio Management 16(2), 171-191.
Kröncke, Tim-Alexander and Felix Schindler (2010), Downside Risk Optimization in Securitized Real Estate Markets, Journal of Property Investment & Finance 28(6), 434-453.
Schindler, Felix (2010), Spillover Effects between International Real Estate Stock Markets, Journal of Interdisciplinary Property Research (Zeitschrift für Immobilienökonomie) 1/2010, 5-25.
Schindler, Felix (2009), Long-Term Benefits from Investing in Asia-Pacific Real Estate, Pacific Rim Property Research Journal 15(3), 335-357.
Schindler, Felix (2009), Correlation Structure of Real Estate Markets over Time, Journal of Property Investment & Finance 27(6), 579-592.
Articles in Non-Refereed Journals
Schindler, Felix (2012), Rendite vs. Risiko - Most Wanted, Patrizia Estatements Magazin 01/2012, 16-19.
Schindler, Felix (2012), Globale Immobilienanlagen als attraktive Beimischung im Portfolio, UBS Real Estate Focus 2012, , 35-36.
Rehkugler, Heinz and Felix Schindler (2005), Investment Property – Anwendungshinweis für die Praxis (IAS 40), Accounting 5, 5-8.
Monographs, Contributions to Edited Volumes
Schindler, Felix, Zeno Adams and Roland Füss (2013), Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed-Asset-Portfolio, in: Poddig, Thorsten; Schindler, Felix, Bad Soden/Taunus, 1-34.
Schindler, Felix and Thorsten Poddig (2013), Aspekte aus der Finanz- und Immobilienwirtschaft – Festschrift für Heinz Rehkugler, Bad Soden/Taunus.
Schindler, Felix, Tim-Alexander Kröncke, Paul Gans and Rüdiger Meng (2012), Wohnungsmarktbeobachtung Baden-Württemberg 2011, Download
Schindler, Felix and Peter Winker (2012), Nichtstationarität und Kointegration, in: Michael Schröder 2. Auflage, Schäffer-Poeschel Verlag, Stuttgart, 227-266.
Kröncke, Tim-Alexander, Felix Schindler and Peter Westerheide (2011), Finanzierungsstrategien wohnungswirtschaftlicher Akteure unter veränderten Rahmenbedingungen auf den Finanzierungsmärkten, BMVBS-Online-Publikation, Vol. 4/11, Download
Demary, Markus, Johannes Köndgen, Felix Schindler, Michael Voigtländer and Peter Westerheide (2010), A European Internal Market for Housing Finance, Schriftenreihe des Instituts für Städtebau, Wohnungswirtschaft und Bausparwesen, Vol. 74, Berlin.
Demary, Markus, Johannes Köndgen, Felix Schindler, Michael Voigtländer and Peter Westerheide (2010), Ein europäischer Binnenmarkt für die Wohnungsbaufinanzierung, Schriftenreihe des Instituts für Städtebau, Wohnungswirtschaft und Bausparwesen, Vol. 73, Berlin.
Schindler, Felix and Heinz Rehkugler (2009), Risikoeffekte von REIT-Neuemissionen, in: Rehkugler, H. 285-312.
Schindler, Felix (2009), Immobilienaktienmärkte - Eine globale Analyse ihres Kapitalmarktverhaltens, Portfoliomanagement, Vol. 24, Uhlenbruch, Bad Soden/Taunus.
Rehkugler, Heinz and Felix Schindler (2008), IPO-Verhalten von Immobilienunternehmen, in: Oehler, A.; Terstege, U. Wien und New York, 277-294.
Discussion and Working Papers
Kröncke, Tim-Alexander, Felix Schindler, Steffen Sebastian and Erik Theissen (2013), GDP Mimicking Portfolios and the Cross-Section of Stock Returns, ZEW Discussion Paper No. 13-026, Mannheim. Download
Liow, Kim Hiang and Felix Schindler (2011), An Assessment of the Relationship Between Public Real Estate Markets and Stock Markets at the Local, Regional, and Global Levels, ZEW Discussion Paper No. 11-056, Mannheim. Download
Liow, Kim Hiang and Felix Schindler (2011), Are Public Real Estate Markets and Stock Markets Linked at the Local, Regional and Global Levels?, NUS-IRES Working Paper Series 2011-006, Singapur. Download
Kröncke, Tim-Alexander, Felix Schindler and Andreas Schrimpf (2011), International Diversification Benefits with Foreign Exchange Investment Styles, ZEW Discussion Paper No. 11-028, Mannheim. Download
Kröncke, Tim-Alexander, Felix Schindler and Andreas Schrimpf (2011), International Diversification Benefits with Foreign Exchange Investment Styles, CREATES Research Paper 2011-10, Aarhus. Download
Kurzrock, Björn-Martin, Frieder Mokinski, Felix Schindler and Peter Westerheide (2011), Do Residential Property Companies Systematically Adjust Their Capital Structure? The Case of Germany, ZEW Discussion Paper No. 11-014, Mannheim. Download
Kröncke, Tim-Alexander and Felix Schindler (2011), International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk, ZEW Discussion Paper No. 11-012, Mannheim. Download
Schindler, Felix and Svitlana Voronkova (2010), Linkages between International Securitized Real Estate Markets: Further Evidence from Time-Varying and Stochastic Cointegration, ZEW Discussion Paper No. 10-051, Mannheim. Download
Kröncke, Tim-Alexander and Felix Schindler (2010), Downside Risk Optimization in Securitized Real Estate Markets, ZEW Discussion Paper No. 10-034, Mannheim. Download
Schindler, Felix (2010), Market Efficiency in the Emerging Securitized Real Estate Markets, ZEW Discussion Paper No. 10-033, Mannheim. Download
Schindler, Felix (2010), How Efficient is the U.K. Housing Market?, ZEW Discussion Paper No. 10-030, Mannheim. Download
Schindler, Felix (2010), Further Evidence on the (In-) Efficiency of the U.S. Housing Market, ZEW Discussion Paper No. 10-004, Mannheim. Download
Schindler, Felix, Nico Rottke and Roland Füss (2009), Testing the Predictability and Efficiency of Securitized Real Estate Markets, ZEW Discussion Paper No. 09-054, Mannheim. Download
Schindler, Felix (2009), Volatilitätseffekte am US-amerikanischen Häusermarkt, ZEW Discussion Paper No. 09-048, Mannheim. Download
Schindler, Felix (2009), Long-term Benefits from Investing in International Real Estate, ZEW Discussion Paper No. 09-023, Mannheim. Download
Expertises
Westerheide, Peter, Felix Schindler, Tim-Alexander Kröncke and Bertram Steininger (2014), Auswirkungen von Basel III auf die Immobilienfinanzierung in Deutschland, Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung (BBR), Bonn. Download
Fries, Claudia, Zwetelina Iliewa, Sabine Jokisch, Marcus Kappler, Thomas Roscher, Felix Schindler and Frauke Schleer (2012), Sparen und Investieren vor dem Hintergrund des demografischen Wandels, Bundesministerium der Finanzen, Berlin. Download
Kappler, Marcus, Tim-Alexander Kröncke, Felix Schindler, Frauke Schleer, Atilim Seymen and Peter Westerheide (2011), Housing Markets and Intra-Euro Area Macroeconomic Imbalances: Identifying Policy Instruments, European Commission - Directorate General for Economic and Financial Affairs (DG ECFIN), Mannheim.
Research Reports
- Deutscher Immobilien-Finanzierungsindex(DIFI)-Report
- Deutscher Immobilien-Finanzierungsindex(DIFI)-Report
- ZEW-Wachstums- und Konjunkturanalysen
- Deutscher Immobilien-Finanzierungsindex(DIFI)-Report
- Deutscher Immobilien-Finanzierungsindex(DIFI)-Report
- Deutscher Immobilien-Finanzierungsindex(DIFI)-Report
- ZEW-Wachstums- und Konjunkturanalysen
- ZEW-Finanzmarktreport
- ZEW-Finanzmarktreport
- ZEW-Wachstums- und Konjunkturanalysen
Projects
Finished Projects
- Project Duration 01.01.2013 - 31.07.2013Identifying the long term risk and return relationship between listed real estate and direct real estate investments
- Project Duration 01.06.2012 - 31.07.2012Counselling Financial Market Econometrics
- Project Duration 01.01.2012 - 31.07.2012Housing Markets Observatory Baden-Wuerttemberg 2011
- Project Duration 01.09.2011 - 30.06.2012Saving and Investment against the background of the demographic change
- Project Duration 01.04.2011 - 30.09.2012SEEK-Project 2011: Private Funding of Higher Education – Human Capital as an Asset Class
- Project Duration 01.12.2010 - 31.12.2011Housing Markets and Intra-euro area Macroeconomic Imbalances: Identifying Policy Instruments
- Project Duration 01.11.2010 - 31.07.2011Housing Markets Observatory Baden-Wuerttemberg
- Project Duration 01.07.2010 - 31.12.2012ZEW/gif-Office Market Forecast
- Project Duration 01.11.2009 - 31.12.2010Financing strategies of housing market agents under new conditions on financial markets
- Project Duration 01.05.2009 - 31.01.2010A single European market for financing residential real estate
- Project Duration 01.01.2009 - 31.12.2011Leibniz Network "Real Estate Markets and Capital Markets"
More Information
Teaching Activities and Stand-in Professors
-
11.2012:
Lecture
"Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg, Germany -
01.2012:
Lecture
"Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , Zurich, Switzerland -
09.2012:
Lecture
"Corporate Finance",
Steinbeis University Berlin, Germany -
WS 2012/2013:
Lecture and tutorial
"Kursprognose und angewandte Asset Allocation",
University of Regensburg , Germany -
SS 2012:
Lecture
"Kursprognose und angewandte Asset Allocation",
University of Regensburg , Germany -
02.2011:
Lecture
"Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , Zurich, Switzerland -
11.2011:
Lecture
"Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg, Germany
more information -
11.2011:
Lecture
"Real Estate Finance",
Steinbeis University Berlin, Germany -
01.2010:
Lecture
"Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , Zurich, Switzerland -
06.2010:
Lecture
"Finanzmanagement im Gesundheitswesen",
Akademie für wissenschaftliche Weiterbildung e. V. an der Albert-Ludwigs-Universität Freiburg, Germany -
11.2010:
Lecture
"Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg, Germany
more information
-
11.2012:
Lecture
"Finanzmanagement im Gesundheitswesen",
Research Stays
-
11.
–
12.2011
National University of Singapore (NUS), Republic of Singapore
Real Estate Department - 12. – 12.2010 University of Cincinnati, United States of America (USA)
-
07.
–
07.2010
National University of Singapore (NUS), Republic of Singapore
Real Estate Department
-
11.
–
12.2011
National University of Singapore (NUS), Republic of Singapore
Publishing Activities for Journals/Series
- 2010 - 2012: Mitherausgeber Zeitschrift für Immobilienökonomie (ZIÖ)
Organisation of Academic Conferences and Workshops
-
Prof. Dr. Felix Schindler,
LLL:reportdata.label.workshop.reportDataConference,
4th ReCapNet Conference: Real Estate Markets and Capital Markets,
Mannheim, Germany, 2012 -
Prof. Dr. Felix Schindler,
LLL:reportdata.label.workshop.reportDataConference,
Third ReCapNet Conference: Real Estate Markets and Capital Markets,
Mannheim, Germany, 2011 -
Dr. Peter Westerheide,
Prof. Dr. Felix Schindler,
Spring Workshop ReCapNet 2011,
Dresden, Germany, 2011 -
Dr. Peter Westerheide,
Prof. Dr. Felix Schindler,
LLL:reportdata.label.workshop.reportDataConference,
Second ReCapNet Conference: Real Estate Markets and Capital Markets,
ZEW Mannheim, Germany, 2010 -
Dr. Peter Westerheide,
Prof. Dr. Felix Schindler,
Spring Workshop ReCapNet 2010,
ZEW Mannheim, Germany, 2010
-
Prof. Dr. Felix Schindler,
LLL:reportdata.label.workshop.reportDataConference,
4th ReCapNet Conference: Real Estate Markets and Capital Markets,
Referee-Reports for Scientific Journals, Public Trusts etc.
- 06.2012: "2012 Joint AsRES-AREUEA Conference"
- 08.2011: "3rd Real Estate and Capital Markets Conference (ReCapNet)"
- 02.2011: Zeitschrift "Emerging Markets Finance and Trade"
- 09.2011: "The 2012 Society for Financial Studies Cavalcade"
- 05.2011: "18th Annual Meeting of the German Finance Association (DGF)"
- 12.2011: Zeitschrift "Focus on European Economic Integration"
- 08.2011: "gif Immobilien-Forschungspreis 2011"
- 04.2011: Zeitschrift "Zeitschrift für Immobilienökonomie (ZIÖ)"
- 02.2010: Zeitschrift "Zeitschrift für Immobilienökonomie (ZIÖ)"
- 01.2010: Zeitschrift "Jahrbücher für Nationalökonomie und Statistik"
- 01.2010: Zeitschrift "The Journal of Real Estate Finance and Economics"
- 08.2010: "2nd Real Estate and Capital Markets Conference (ReCapNet)"
- 08.2009: "1st Real Estate and Capital Markets Conference (ReCapNet)"
- 02.2012: Zeitschrift "International Journal of Strategic Property Management"
- 08.2012: "4th Real Estate and Capital Markets Conference (ReCapNet)"
- 11.2012: "16th Conference of the Swiss Society for Financial Market Research (SGF Conference)"
- 10.2012: Zeitschrift "Real Estate Economics"
- 06.2012: "19th Annual Meeting of the German Finance Association (DGF)"
- 03.2012: Zeitschrift "Zeitschrift für Immobilienökonomie (ZIÖ)"
Statements/Contributions to Hearings
-
04.2012:
The Privately Rented Sector in Scotland,
Edinburgh, United Kingdom -
11.2012:
Aktuelle Entwicklungen des Wohnungsmarktes in Baden-Württemberg und Ulm,
Ulm, Germany -
01.2012:
Anhörung der Enquetekommission I "Wohnungswirtschaftlicher Wandel und neue Finanzinvestoren auf den Wohnungsmärkten in NRW" des Landtags von Nordrhein-Westfalen,
Düsseldorf, Germany
-
04.2012:
Lectures
-
2012:
The Sources of Risk Spillovers among REITs: Asset Similarities and Regional Proximity,
MIT-NUS-Maastricht Real Estate Finance and Investment Symposium 2012,
Singapur, Singapur -
2012:
International Diversification Benefits from Foreign Exchange Investment Styles,
Jahrestagung des Vereins für Socialpolitik 2012,
Göttingen, Deutschland -
2012:
The Sources of Risk Spillovers among REITs: Asset Similarities and Regional Proximity,
19th European Real Estate Society Conference,
Edinburgh, Vereinigtes Königreich -
2011:
International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
American Real Estate Society Conference,
Seattle, Vereinigte Staaten von Amerika (USA) -
2011:
International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
Jahrestagung des Vereins für Socialpolitik 2011,
Frankfurt am Main, Deutschland -
2011:
International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
2011 Asia-Pacific Real Estate Research Symposium,
Adelaide, Australien -
2011:
International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
18. DGF-Jahrestagung,
Regensburg, Deutschland -
2011:
Housing Cycles, Business Cycles, and the Cross-Section of Stock Returns,
NUS DRE-IRES Joint Real Estate Research Seminar,
Singapur, Singapur -
2011:
International Diversifiation Benefits with Foreign Exchange Investment Styles,
The 24th Australasian Banking and Finance Conference,
Sydney, Australien -
2011:
International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
Pacific Rim Real Estate Society Conference,
Gold Coast, Australien -
2010:
Performance of Real Estate Private Equity Funds,
2nd ReCapNet Workshop,
ZEW Mannheim, Deutschland -
2010:
Market Efficiency in Emerging Securitized Real Estate Markets,
1st MENARES Conference,
Dubai, Vereinigte Arabische Emirate -
2010:
Testing the Predictability and Efficiency of Securitized Real Estate Markets,
Pacific Rim Real Estate Society Conference,
Wellington, Neuseeland -
2010:
Testing the Predictability and Efficiency of Securitized Real Estate Markets,
American Real Estate Society Conference,
Naples, Vereinigte Staaten von Amerika (USA) -
2010:
Market Efficiency in Emerging Securitized Real Estate Markets,
17th European Real Estate Society Conference,
Mailand, Italien -
2010:
Testing the Predictability and Efficiency of Securitized Real Estate Markets,
American Real Estate and Urban Economics Association - International Meeting,
Rotterdam, Niederlande -
2010:
Testing the Predictability and Efficiency of Securitized Real Estate Markets,
2010 Asia Pacific Real Estate Research Symposium,
Hong Kong, China - Volksrepublik -
2009:
Co-Movements in International Real Estate Stock Markets,
1st ReCapNet Conference: Real Estate Markets and Capital Markets (1035),
ZEW Mannheim, Deutschland
-
2012:
The Sources of Risk Spillovers among REITs: Asset Similarities and Regional Proximity,
Research Affiliations
-
2010 - 2012:
Juniorprofessor,
Steinbeis Hochschule Berlin, Deutschland
-
2010 - 2012:
Juniorprofessor,
Prices, Awards and Distinctions
-
2011:
BlackRock Research Award,
Institute of Global Finance, Sydney, Australia
more information - 2011: Best Conference Paper Award, Pacific Rim Real Estate Society (PRRES), Brisbane, Australia
- 2010: Best Conference Paper Award, Pacific Rim Real Estate Society (PRRES), Brisbane, Australia
-
2009:
Förderpreis der Deutschen Immobilien Akademie (DIA),
Dissertation, Albert-Ludwigs-Universität Freiburg, Germany -
2009:
Aareal Award of Excellence in Real Estate Research,
Dissertation, European Business School - International University Schloss Reichartshausen, Oestrich-Winkel, Germany
Memberships
- 2012 - 2012: European Real Estate Society, Amsterdam, Netherlands
- 2011 - 2012: German Economic Association (Verein für Socialpolitik), Berlin, Germany
- 2010 - 2011: Pacific Rim Real Estate Society (PRRES), Brisbane, Australia
- 2010 - 2011: American Real Estate and Urban Economics Association (AREUEA), Richmond, Virginia, United States of America (USA)
- 2010 - 2011: American Real Estate Society (ARES), Clemson, United States of America (USA)
- 2010 - 2010: European Real Estate Society, Amsterdam, Netherlands