Suppose that lambda - T is left invertible in L(H) for all lambda is an ele
ment of Omega, where Omega is an open subset of the complex plane. Then an
operator-valued function L(lambda) is a left resolvent of T in Omega if and
only if T has an extension (T) over tilde, the resolvent of which is a dil
ation of L(lambda) of a particular form. Generalized resolvents exist on ev
ery open set U, with (U) over bar included in the regular domain of T. This
implies a formula for the maximal radius of regularity of T in terms of th
e spectral radius of its generalized inverses. A solution to an open proble
m raised by J. Zemanek is obtained.