Morale in Campaign Data. What does it do, exactly?

[Slant6 21]

Just wondering what effect raising or lowering the Morale number away or towards 100 has on a campaign.

[Wilches 1,172]

Good point!

[+yakarov79 11,106]

It boosts your own morale because you think that the morale of your squadron is increasing. 

[+Menrva 4,202]

Fact is, the effects of few campaign parameters are still unknown and can only be speculated. Morale may affect the effectiveness of a unit in combat. An equivalent unit with lower morale may perform worse, have more casualties etc.