Duke put it excellently into words:
”… It is a function of transient dynamics and raw SPL. If there's not much dynamic contrast, it doesn't come across as "slam". If there's good dynamic contrast but the sound pressure level is still soft, it doesn't come across as "slam".
From a loudspeaker design perspective, the solutions include high efficiency and/or large diameter (or multiple) voice coils. If a loudspeaker system is being pushed close to its RMS thermal rating on peaks, your peaks are softened and so is the emotion conveyed. If a loudspeaker system is just loafing along at fairly high SPL, it will deliver plenty of slam. That's why 5 watts into a 98 dB efficient speaker almost always sounds so much more lively than 200 watts into an 82 dB efficient speaker, even though "on paper" both are 105 dB capable.
Duke
dealer/manufacturer“