并购给企业带来收益的同时也可能带来损失。选取有色金属行业上市公司并购事件为研究对象，运用因子分析法分析相关财务指标，探讨并购带来的协同效应。通过SPSS软件对32起上市公司发生的并购案例进行了具体研究，结果表明：有色金属行业的企业并购带来的协同效应，从短期来看是积极的，从长期来看企业的业绩有下降趋势；同时，经过对数据的整理分析，建立了企业并购协同效应主成分模型，可为相关企业并购提供依据。
Merger and acquisition brings profits to enterprises as well as losses.This paper studied M&A events of listed ferrous metals companies,analyzed financial indicators using factor analysis,and discussed the synergies resul-ting from M&A.The paper studied 32 specific cases of M&A events of listed companies by SPSS software.The results showed that the synergy effect resulting from M&A turned out positive in the short term,but in the long run,the per-formance of enterprises went on a downward trend.And at the same time,a principal component model for M&A of en-terprises was established based on data organization and analysis,serving as reference for M&A events of other enter-prises.
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