The most common theory – which works well for me, because it coincides well with what I usually hear – is that single-ended connection (and gear) produces a natural spectrum of musical harmonics, same as in real life, while balanced gear (and connection) greatly reduces even (pleasant for our hearing harmonics), but leaves the odd (subjectively unpleasant, un-musical) harmonics virtually unmodified, unchanged, and thus DISTORTS the natural spectrum of harmonics, i.e. the ratio between odd and even harmonics, compare to life music.
@styleman ^that^ theory is total new to me.
The only thing I have ever heard referenced to balanced configuration, is the CMRR advantage of noise being rejected.
Never anything about harmonics. How would the cable even know what to add?
It is solely about minimising noise.