Speaker sounds with bigger or smaller drivers?

Does speakers with bigger drivers sounds richer compared to speakers with smaller drivers? Or let me put it this way. Does speakers with smaller drivers sounds thinner when compared to speakers with bigger drivers? Assuming your using the same electronics. Example. Paradigm Studio 60 V.4 or older compared to the newer Paradigm Studio 60 V.5 even with the added extra driver but smaller. Let me know your observation.