Another approach is by drawing a Bode plot. Asymptotically, the (angular) corner frequency lies at at a gain of , and rolls-off first order for higher frequencies. It crosses the zero dB axis if the (modulus of the) gain is reduced by a factor . Being a first order system that must be at a frequency factor of higher than the corner frequency.
The loop gain is then
A higher increases the of the transistor. That shifts the curve in the Bode plot upwards, which decreases the phase margin.