In this study, we aim to investigate the relationship between charismatic leadership and team effectiveness(team innovative behavior and subjective team performance). Most previous studies have revolved around the cognitive side of this relationship and have suggested variables such as trust or efficacy as possible mediating variables of this relationship. We,however, believe that both cognitive and affective sides should be incorporated in order to understand the relationship between charismatic leadership and team effectiveness fully. Therefore, we propose that team efficacy and team positive affect are the two mediators between charismatic leadership and team effectiveness. Specifically, we predict that charismatic leadership positively relates both team efficacy and team positive affect. We also expect that both team efficacy and team positive affect, in turn, positively relate team innovative behavior and subjective team performance. In addition, we predict that team efficacy positively relates team positive affect. To investigate these hypotheses, we used data from survey questionnaires, which were completed from 109 teams including 1378 employees in two Korean firms. 44% of respondents were male, the average age of participants was 31.54 years(SD=12.5), and the average tenure in their current team was 54.27 months(SD=64.90). Level of analysis was a team level. We used structural equation modeling to analysis the data. The results showed that charismatic leadership positively related with team efficacy and teampositive affect. While teamefficacy significantly and positively related to the teaminnovative behavior, it did not relate with subjective team performance. Conversely, team positive affect significantly related with subjective team performance while it did not relate to the team innovative behavior. That is, team efficacy played the role of full mediator in the relationship between charismatic leadership and team innovative behavior while team positive affect fully mediated the relationship between charismatic leadership and subjective team performance. We also found that team efficacy positively and significantly related team positive affect. The followings are the implications. First, we contributed to better understanding of the relationship between charismatic leadership and team effectiveness considering both cognitive and affective mediators. Second, we explored the internal mechanism how charismatic leadership can influence team effectiveness using team-level analysis. Lastly, we showed that team positive affect can be triggered by not only charismatic leadership but also team's efficacy.