Both scientists and practitioners acknowledge leadership as a key predictor of success in organizations. Leaders’ values could be a significant criterion for the analysis of changes in leadership recently. This study aims to investigate changes in leaders’ values over time among Baltic countries. The results of the European Social Survey (ESS) showed that leaders’ values did not significantly change over time (from 2008 to 2016). However, the expression of values significantly differed between leaders of different countries.

Traditions and possible alternatives of the evaluation of leadership effectiveness are analyzed in the article. The empirical research aimed to establish differences between behavioral and transformational leadership methods for the evaluation of leadership effectiveness and to analyze leadership effectiveness’ (according to subordinates) relations to work motivation and commitment.

The authors of the article aim at analyzing such a feature of the leader’s personality as risk propensity and its links with real risky behavior. Empirical research enabled to evaluate the significance of different situations to risk propensity and risky behavior.