Abstract:The enhancement of innovation ability has become the mutual concern of government, enterprises, scholars and managers. Among all the driving factors, the top managerCEO’s effects cannot be ignored. The study explores the relationships among CEO attention, innovation performance, and business performance. After developing the hypotheses and theoretical model, a survey has been conducted by using questionnaire in stateowned enterprises. The results show that the CEOs in stateowned enterprises have higher outside attention than inside attention. Outside attention has positive influences on innovation’s market performance and technical performance, but inside attention only has positive influences on innovation’s technical performance. Innovation’s technical performance can positively influence both financial performance and nonfinancial performance, but innovation’s market performance can only positively influence nonfinancial performance.