This work investigates effects of poly(γ‐butyrolactone) (PγBL) with different initiation and termination chain ends on five types of materials properties, including thermal stability, thermal transitions, thermal recyclability, hydrolytic degradation, and dynamic mechanical behavior. Four different chain‐end‐capped polymers with similar molecular weights, BnO‐[C(=O)(CH2)3O]n‐R, R = C(=O)Me, C(=O)CH=CH2, C(=O)Ph, and SiMe2CMe3, along with a series of uncapped polymers R′O‐[C(=O)(CH2)3O]n‐H (R′ = Bn, Ph2CHCH2) with Mn ranging from low (4.95 kg mol−1) to high (83.2 kg mol−1), have been synthesized. The termination chain end R showed a large effect on polymer decomposition temperature and hydrolytic degradation, relative to H. Overall, for those properties sensitive to the chain ends, chain‐end capping renders R‐protected linear PγBL behaving much like cyclic PγBL. © 2018 Wiley Periodicals, Inc. J. Polym. Sci., Part A: Polym. Chem. 2018, 56, 2271–2279