Small- and large-signal analyses of transistor lasers (TLs) are demonstrated for 0.98-μm wavelength GaInAs/GaAs and 1.3-μm AlGaInAs/InP systems. The modulation bandwidth of the TL was larger than that of a laser diode due to the lower damping effect in the former. Comparisons between TLs with different numbers of quantum wells indicated that a large signal response and high modulation bandwidth could be realized simultaneously. However, in the case of large-signal analysis, the calculated eye diagrams were degraded by a resonance oscillation peak. By changing structural parameters such as the facet reflectivity and by controlling the damping effect, the resonance frequency peak was suppressed and clear eye diagrams of >;40 Gb/s were obtained.