Technology-based companies are always looking for factors that lead to improvement of their financial performance. For a long time, based on resource-based theory, the only available resources of a firm provided its financial performance and its competitive power and then working with other companies was known as an important factor in improving financial performance. But surely there are other unknown factors such as dynamic capabilities in this context that play the role of connector loop between firm performance and its financial resources. Therefore, this paper identifies factors affecting a technology-based firm's financial performance and competitiveness and the relationship between them. For this purpose 5 variables and main components displayed in conceptual model were detected and finally seven hypotheses were formulated. For field data collection, a questionnaire of 24 questions was designed and distributed among the population that was a number of steel manufacturing companies in Iran. Research method is functional in terms of its purpose and causal in terms of method. For data analysis, structural equation technique and LISREL software were used. The results showed that the sources of technology-based companies lead to increasing competitiveness and also increasing tendency of support companies to corporate. The results also showed that tendency of support companies to collaborate and participate also leads to increasing the dynamic capabilities of technology-based (focal) companies.