Stock Market Anomalies: A Literature Survey of Hajj Effects in Muslim Countries
April 23rd, 2021
By Syukriah Ali and Rosliza Md Zani
Market anomaly, so-called the calendar
effect has been widely studied in various countries. This paper identifies the
related literatures by addressing the Hajj effect on the stock market in Muslim
countries. The findings of the previous Hajj effect studies give scholars and
investors a comprehensive understanding on this matter.