I know there are those on this forum that don't believe a receiver can have a signature (bright, warm, etc.). Others contend that receivers 'X,Y,&Z'are examples of warm receivers while 'A,B,&C' are examples of bright receivers. I have seen examples of this when somebody posts a question like "what is the best receiver to match with the M60's" etc.

While I am not condoning one position or the other, I will add that while I did my nearly year-long search for a receiver, I ran across the "Japanese receivers are notorious for sounding bright" comment in many forums and even in a few articles. It can be really confusing for a newcomer who is in the market for their first home theatre.

Anyway, getting to the point....For those of you that believe receivers can have their own sonic signature, what is the cause? Is it the DAC's they use that give them their bright/warm/neutral characteristic? Are there other factors as well such as the quality of transistors and other internal electronics?