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We investigated the effects of global leadership competencies on knowledge transfer, and, in particular, the moderating role of self-efficacy in this relationship. Participants (N = 122) were randomly selected employees of South Korean multinational corporations. They were working with global stakeholders and were participating in international competency training programs. Results showed that there was a moderating effect of self-efficacy on goal achievement in the relationship between the global leadership competency of innovation and knowledge transfer. Enhancement of a positive context for social associations and the provision of useful feedback are central for global leaders in the formation of self-efficacy, which precedes knowledge transfer.