I may be wrong, but I don't think this does anything for you. It's certainly a good thing to link to authority sites but I doubt it does anything for your rankings.
I always link to authorirt fly under the google's radar . if you add more links , content, images and videos it looks like its written for people and not for SEO porpuses
I often link to authority sites in my niche when my site is brand new. After all, my new site has no ranking and it informs G that I am playing in that space and what have I got to lose.
Once it starts ranking you can remove those links or do what I do which is leave the text but remove the hyperlink.
I always link to relevant authority websites in the niche because that adds value to the page and I'm pretty sure Google takes that into consideration when parsing fresh domains, it certainly doesn't have a negative effect (unless you are linking to your money competition or spamming them everywhere).
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