That algorithm is pretty efficient, because it stops at the first item but you might want to give List::Util::first
a try.
use List::Util qw<first>;
#...
return defined first { -e && -d } @$param;
The only major optimization would be that it runs in the C-layer. It's also a pretty recognizable idiom in Perl, and so despite the golf look, the purpose is to "speak perl", not to golf.
List::MoreUtils::any
would give you a similar effect and as well, it's a better fit to what you're trying to express: you're asking if any in the array are directories. (a hint though, stack parameter passing is slightly to significantly faster than constructing a reference and passing it--at least in my tests.)
Anyway, here's what it looks like:
return any { -e && -d } @$param;
Means to return true if any satisfy that expression. any
often runs in the C-layer, if the module could load its XS version. Otherwise it's "Pure Perl" and probably runs similar to yours.
However, I'm pretty sure you don't have to test for both existence and directory. I'm pretty sure that if the file does not exist, it's not going to be seen as a directory. So, you could collapse it to one condition.