To secure sustainable growth by effectively responding to the rapidly changing environment, innovative behavior and performance creation of employees in corporate organizations became more important than ever. This study is to examine how coaching leadership as an effective leadership strategy affects their Psychological Empowerment, Innovative Behavior, and eventually how these affect Job Performance. The survey was conducted on leaders and members working at the Korean innovation-oriented corporations. The SEM model was utilized using SPSS 22.0 and AMOS 22.0. The results of this empirical analysis are as follows. First, it was found that Direction, Development, and Relationship, sub-variables of Coaching Leadership showed significant positive effects on Psychological Empowerment. Psychological Empowerment showed a significant positive effect on Innovative Behavior and Job Performance, respectively. Second, Direction and Relationship showed positive effects on Innovative Behavior. There were positive mediating effects of Psychological Empowerment between Direction and Relationship and Job Performance. There were positive mediating effects of Innovative Behavior between Development and Job Performance. This study is meaningful to confirm the causal relationship from Coaching Leadership by sub-variables and Psychological Empowerment as psychological and emotional factor, eventually reinforcing corporate competitiveness by improving innovative behavior and quality of human resources and creating corporate performances.