Your luck in not frying it probably has to do with some IBM engineer’s happy foresight in designing the voltage regulator. If it wasn’t working properly you would have been pushing all of that extra voltage through the machine, and because your power supply can provide all of that current, it probably would have been fatal.
The reason I say this is because sometimes you can get away with using a higher voltage supply if it can’t provide the amperage needed at that voltage to fry the circuits.
Probably the only effect you might care about is that you have been charging your battery at a higher rate.
Edit: when ordering your new power supply remember that you need the amps to be equal to or greater than that of the original supply. The amperage rating is really just a measure of how many amps the supply is capable of providing. How much it actually does provide depends on how much the machine is demanding at the moment. So if you don’t have enough amps, the unit might work ok until you try to do something that consumes a lot of power like running the CD drive or a WiFi card.
World's foremost 486 enjoyer.