2004年以来,“郎顾之争”引发了学术界对当前国有企业改革的广泛争议,争议的焦点是企业的所有权结构问题,其主导观点是国有企业及国有控股企业只有改变股权结构中独资和一股独大的现状,才有可能摆脱困境,提高效率。而本文认为国有企业改革的核心不是股权结构,真正的核心在于国企管理层的设置不合理及对管理层的监管不到位。 Since 2004, the controversy over Lang and Gu has sparked widespread academic controversy over the current reform of state-owned enterprises. The focus of controversy is on the ownership structure of enterprises. The dominant view is that only state-owned enterprises and state-controlled enterprises can only change ownership structure Sole proprietorship and a dominance of the state, it is possible to get out of trouble and improve efficiency. This paper argues that the core of state-owned enterprise reform is not the ownership structure. The real core lies in the unreasonable arrangement of state-owned enterprise management and the inadequate supervision over the management.