Innovationistheprimarydrivingforcefordevelopment.Enterprisesasthemain
researchanddevelopmentcycleofinnovationR&D,highcapitalinvestmentdemand,high
financialflexibilityinreserve,theycanprovidefundsforinnovationtosupportinnovation
researchanddevelopment.Underthegovernment'sintroductionofaseriesofinnovation
abilityreflectsthewholesociety'sinnovationability,therefore,thegovernmentneedsto
Atthesametime,itisdifficultforenterprisestoobtainexternalinvestmentduetothelong
bodyofinnovationresearchanddevelopment,itsscientificandtechnologicalinnovation
relatedpreferentialtaxpolicies,howtomaintainfinancialflexibilityreservetoprovide
onenterpriseinnovationthroughliteratureresearchandempiricalanalysismethodstostudy
usetaxpreferentialpoliciestoencourageenterprisestoinnovateresearchanddevelopment.Therefore, this paper adds financial flexibility into the study of the impact of tax incentives 
riskanduncertainoutcometransformation.However,whenenterpriseshavesufficient
therelationshipbetweenthethree.supportforenterpriseinnovationresearchanddevelopmentneedstobefurtherstudied.