This study aims to determine the effect of exchange rate volatility on economic growth in the ASEAN member countries (Indonesia, Thailand, Vietnam, and Cambodia) through investment. Based on the previous studies, the researcher focuses on developing the initial research analysis because it can control different company levels' characteristics and then determine the impact of exchange rate changes on economic growth mediated by investment. There is a limited analysis of whether exchange rate movements encourage overall investment in this study's particular direction. The author's primary focus is whether the export or import channels or both play an essential role in determining a company's investment. This study's population is in ASEAN member countries that have been published by the World Bank (https://www.worldbank.org/) and continue to exist during the period 1998-2019. The sample selection in this study used a purposive sampling method. Some of the ratio data were available in the financial report summary. The analysis method used in the study is the path analysis.

中文翻译：

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波动率与经济增长：来自东盟成员国的见解

本研究旨在通过投资确定汇率波动对东盟成员国（印度尼西亚、泰国、越南和柬埔寨）经济增长的影响。在前人研究的基础上，由于可以控制不同公司层级的特征，进而确定汇率变动对投资介导的经济增长的影响，研究人员重点开展了初步的研究分析。关于汇率变动是否会鼓励对本研究特定方向的整体投资的分析有限。作者的主要关注点是出口或进口渠道或两者在决定公司投资方面是否发挥重要作用。本研究的人口来自世界银行已公布的东盟成员国 (https://www.worldbank. org/) 并在 1998-2019 年期间继续存在。本研究的样本选择采用了目的性抽样方法。财务报告摘要中提供了一些比率数据。本研究采用的分析方法是路径分析。