There is a limit though, I would not recommend anything larger than 10 gauge. You can Google yourself on this one if you wonder why.
I'm going to guess inductance ... no, wait ... capacitance.
Yeah ... final answer ... capacitance.
I don't think I know how to Google that but I'll give it a go.
-after googling with no luck-
Oh, no wait! You don't need anything larger than 10 gauge because it meets that 5% rule for the nominal impedance of a speaker for just about any reasonable distance and ... and ... and ... you don't need it any thicker because you'll never get more of an amp draw that would warrant a heavier gauge.
Thanks, PENG. I never knew you could get that big an amp draw through speaker wire.