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Does the reference post-interview play a significant role and can be a game changer in the decision-making? Does it also depend from firm to firm?
Quite a lot. I referred two deserving candidate, they didn't get hired.

Local IAS Babu refered his son who barely could put together a draft in 4 attempts, got hired.
I am the local IAS babu he is referring to.
I hope your candidate was as good at work as you are at lying.
Mrs/Ms know it all knows who is deserving and who is not
Does it mean that if the interview goes well and recruiting partners ask the references for his words and his words can change the game for the candidate?