
The dominant mechanism for this is found in the intrinsic feedback capacitance, Ccb, between the collector and the base. The effect -- as frequency increases -- is to increase feedback via Ccb's capacitive reactance, XCcb, thus reducing the overall gain.
To compound this problem: XCcb is dependent on the intrinsic capacitance, Ccb, multiplied by the gain, i.e., as the gain is reduced, the bandwidth is increased.
There are ways of reducing this effect, such as peaking coils in the collector (Xl cancels Xc); pre-emphasis of the signal's higher frequencies at the input; frequency selective feedback, etc...
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