With the operation process and results of corporate financial system as research object,using the theory and methods of flexibility,system and integration,the article inquires the essence of corporate financial flexibility.It defines the connotation of corporate financial flexibility,deduces its features,reveals its functions,analyzes its economic consequences-corporate financial flexibility effect.The research conclusions indicate that the corporate financial flexibility is a kind of financial integrated control power in corporate system.It is not only a new effective approach for enterprises...