Yes, it does if my mind is still working correctly this late
. It all depends on the light source distance to the subject, and the reflectors distance between the two of them.
Ie, lets say the light source, subject, and reflector are all 5' from each other in a triangle. The light to the subject is 5', but the light source bouncing off the reflector is 10' away since it has to travel 5' to the reflector, then 5' to the light source. The light will be reduced because of the longer distance. Its twice the distance of the light source to the subject.
Now, if you move the light source back 50' lets say. The light source to the subject is 50', and the light source reflected off the reflector is now 55' (50' to the reflector and another 5' to the subject). Its barely longer then the light source to the subject, so the intensity will be about the same.
In the first example, the difference the light has to travel is double, and the light intensity will fall about a full stop.
In the second example, the distance is only 10% longer, and intensity will be very close between the two. So the effect from the reflector will be more prominent than in the first example.