Generally, financial flexibility only considers whether the cash of the enterprise is sufficient or not and is not enough to embody really financial adaptable capacity of the enterprise, thus, this paper introduces the concept of strategic financial flexibility, uses strategic management analysis framework of dynamic capacity and real data to analyze and measure dynamic capacity of enterprise finance from theoretical and empirical perspective and obtains three capacity factors of strategic financial flexibility such as enterprise potential related to finance, financial management path and financial management process. The empirical results show that the strategic financial flexibility can better characterize the resilience of corporate finance and has a significant positive effect on firm’s value.