The various kinds of molecular defect that are related to the thermal property of polyacrylonitrile (PAN) are studied in detail in relation to the polymerization mechanism in an aqueous medium. The existence of two different kinds of polymer radical is pointed out and the significance of polarity of radical species is emphasized. It is shown that the structural irregularity along the main chain is surely present but has little effect on the thermal property of PAN. It is estimated that one of the most significant defects relating to the thermal property is the main‐chian type of branching the occurs predominantly in hydrogen on a polymer backbone. The relationship between activator (i.e., NaHSO3) incorporation and branch inhibition mechanisms is discussed. The optimum polymerization condition, under which the highest thermal quality of molecules is obtained, is found empirically within a limited experimental range, for an aqueous heterogeneous system.