Theory of various sorts.
Back in grad school in 1979, I was a budding audiophile who had just replaced ADC 303AX speakers (recommended by my dad, who was a DIY speaker builder for a time) with Polk 10s, bought at The Audible Difference in Palo Alto, the coolest store I have ever been in (and now sadly gone). Polk also sold a fancy speaker cable, and my friend (another physics grad student) and I were talking about whether it could have any effect. We were doing some back-of-the-envelope transmission-line calculations, using the speed of sound as the cable velocity, when my friend said "Wait: the signal in the cable is electrical." I suddenly realized what he meant: we should be using the speed of light, not the speed of sound! And with the speed of light, at audio frequencies, the transmission-line characteristics of the cable were completely irrelevant.