Dragon Slayer sword's morale is 100%... what's it doing for me?

[ivra]

A related question:

All items have a race. Does that have any effect on the item? I do not think that the race is used at all. For instance an item like Training Sword that you start with gives +1 Attack. It gives +1 Attack to the Amelie. This +1 Attack is added to all creatures no matter the race of the creature as far as I have noticed.

Only if the description explicitly states that the item works for only a particular race does an item seems to be limited to a race. So I have always just regarded the race of an item as flaviour.

Or does it have any affect that I am not aware of?