過去文獻顯示認列資產價值減損，極可能會對公司產生巨大衝擊及帶來負面之市場反應，而35公報於2005年正式實施並得於2004年提前適用，因此本研究主要探討在公司治理機制下是否使公司有效反應資產價值減損。針對公司治理特質與自願性資產減損認列機率以Logit Model進行分析，實證結果顯示董監事持股比例與公司認列資產減損之機率呈現顯著正相關，顯示董監事持股比例越高，則自願性提列減損的機率將越高，愈有可能提前適用35號公報，但其他公司治理代理變數則不具顯著之相關性；此表示公司治理之機制對資產減損認列之機率無法發揮抑制效果。另在洗大澡與損益平穩化等盈餘管理代理變數方面，自實證可知，管理當局仍極有可能利用資產減損之時機進行盈餘管理。
The prior literatures show that to adopt the SFAS NO. 35 is possibly to cause enormous impacts and negative market reaction to firms. The SFAS NO. 35 was effective for financial year ending after December 31, 2005, with early application encouraged. This research focuses on if the company can appropriate response assets impairment losses under corporate governance. We use Logit model to analyze the relationship of corporate governance characteristics and probability of early adopt SFAS NO. 35. The results show that assets impairment recognized has significant positive relationship with the ratio of the stock held by the board and supervisors. But the other corporate governance characteristics have not significant correlations. This result indicates that corporate governance has no influence on assets impairment recognized. Besides, in the respect of the proxy variables of big bath and smooth, we detect that the management still have high possibility to use assets impairment to manage earnings.
