本文利用1997～2001年间全国企业管理数据检验了中国转轨经济中国有企业中激励机制对于管理绩效的影响作用,发现外在激励因素对于管理绩效决定程度不大,内在激励因素对于管理绩效则具有正效应。绩效的优劣主要是根据这几种因素的力度大小和相互抵消的结果来决定的。因而企业管理层的激励机制通常与内在激励在其契约中所占的比例很大程度上决定了管理层的绩效结果。 This paper examines the impact of incentive mechanism on managerial performance in state-owned enterprises in transitional economy in China from 1997 to 2001, and finds out that external incentive has little effect on management performance and internal incentive has positive effect on management performance effect. The pros and cons of performance is mainly determined by the strength of these factors and the offsetting results. Therefore, the ratio of the incentive mechanism of the enterprise management usually and the intrinsic incentive to the contract largely determines the management’s performance results.