Based on the panel data of A-share listed companies from 2011 to 2018, this paper empirically explores the relationship among executive incentive, analyst attention, and corporate innovation through the mediation effect model and Bootstrap test. It is found that both salary incentive and equity incentive can promote corporate innovation. The greater the incentive for executives, the more innovation input and output the company has. There is a positive correlation between executive incentive and analyst attention, both compensation incentive and equity incentive will increase analyst attention. Analyst attention has played an important intermediary role in the relationship between executive incentive and corporate innovation. Executive incentive promotes corporate innovation by increasing analyst attention. After controlling the executive incentive factor, the analyst attention still has a significant positive effect on corporate innovation.