本文认为 ,国内国有企业的企业家人力资本收益权不完善主要体现在两个方面 :一是对经营者的人力资本价值认识不足 ,导致对其的收入设计不合理 ;二是与国外企业家人力资本收益权相比较 ,我国国有企业经营者的收益不能体现其人力资本价值。现阶段对国企而言 ,最稀缺的资源既不是土地 ,也不是资本 ,而是企业家。企业家作为一种人力资本所有权的拥有者如何取得合理的收益权回报 ,是我国企业改革中的一个重要问题 This paper argues that imperfect returns of entrepreneur human capital in domestic state-owned enterprises are mainly manifested in two aspects: First, the lack of understanding of the value of human capital of managers leads to irrational design of their income; second, Compared with the capital gains right, the income of the managers of state-owned enterprises in our country can not reflect the value of human capital. For state-owned enterprises at this stage, the most scarce resources are neither land nor capital, but entrepreneurs. As an owner of human capital, how to obtain a reasonable return on returns is an important issue in the reform of Chinese enterprises