Inspired by some problems on fractional linear transformations the authors introduce and study the class of operators satisfying the condition
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\begin{document}$$\left\| A \right\| = \max \{ \rho (AB):\left\| B \right\| = 1\} ,$$\end{document} where ρ stands for the spectral radius; and the class of Banach spaces in which all operators satisfy this condition, the authors call such spaces V-spaces. It is shown that many well-known reflexive spaces, in particular, such spaces as Lp(0,1) and Cp, are non-V-spaces if p ≠ 2; and that the spaces lp are V-spaces if and only if 1 < p < ∞. The authors pose and discuss some related open problems.